Copper price reached $6.6300 level by its bullish rally, forcing it to form temporary corrective rebound towards $6.4800, attempting to catch its breath and gather some gains.

The stability above the extra support at $6.1000 makes us keeps the bullish scenario, to expect forming new bullish waves by gathering the positive momentum, attempting to reach the next target near $6.7300. 

The expected trading range for today is between $6.2000 and $6.6000

Trend forecast: Fluctuated

Ethereum price (ETHUSD) is holding sharp losses during recent intraday trading, affected by a previous break below a major short-term upward trendline. The price is also under negative dynamic pressure as it continues trading below its EMA50, which reduces the chances of a full recovery in the near term.

On the other hand, positive crossover signals appear on the relative strength indicators after reaching deeply oversold conditions, which helped the price stabilize temporarily as it attempts to relieve some of this oversold pressure.

Brent crude oil is trading lower in recent intraday sessions, under continued negative pressure caused by its trading below the EMA50. The price is attempting to gain positive momentum that could help it overcome this bearish pressure, especially as the main short-term bullish trend remains in place, with price movements continuing along a supportive trendline for this upward path.

In the background, positive crossover signals are starting to appear on the relative strength indicators after reaching deeply oversold levels in a way that is exaggerated compared to price movement. This suggests the early formation of a positive divergence, which supports the chances of a near-term recovery.

The USDCHF declined during recent intraday trading, as negative signals emerged from the relative strength indicators after reaching overbought conditions. This comes as the pair attempts to gain new positive momentum that could help it recover and resume its upward movement.

The pair remains within a short-term corrective bullish wave, supported by positive dynamic support as it continues trading above its EMA50, which enhances the chances of further recovery in the near term.