Copper price ended the last trading by reaching $5.9200 level, as it faced the moving average 55, to begin forming a positive rebound, to settle near the broken support at $6.1000 level.

The price may continue forming some positive trading, but it will not affect the bearish corrective scenario, depending on forming main initial barrier at $6.3000 level, while gathering extra negative momentum will push it to renew the pressure on $5.9200 level, and surpassing it might extend the trading towards the negative stations near $5.8200 and $5.7100.

The expected trading range for today is between $5.9200 and $6.2000

Trend forecast: Bearish

Ethereum (ETHUSD) fluctuated in its latest intraday trading, with the stability of the key support at $1,550, providing bullish momentum that prevents its decline again, benefiting from the attempt of recovering some of its previous losses, and offloading its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them.

This comes amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term, with its trading alongside supportive trend line for this path.

Brent crude oil rose slightly during recent intraday trading amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reduces the chances of full recovery in the near period. That makes the price attempt to offload its oversold conditions on the relative strength indicators, especially with the emergence of positive signals from them.

The USDCHF pair declined in its last intraday trading, attempting to gain bullish momentum that might help it to resume its gains, with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, with a continued dynamic support due to its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on the short-term basis.