Copper price continued to face the attempts of stochastic to provide negative momentum, to notice its repeated stability above 50%Fibonacci correction level, which keeps supporting the extra support near $4.6600.

We expect the continuation of providing sideways trading until gathering the required positive momentum to reach the initial target near $4.9800, and surpassing it will reinforce the chances for recording extra gains in the upcoming period.

The expected trading range for today is between $4.7000 and $4.8900

Trend forecast: Bullish

The (ETHUSD) price settled with a rise in its last intraday trading, attempting to recover some of its previous losses, attempting at the same time to offload its clear oversold levels on the (RSI), especially with the emergence of the positive signals from them, affected by breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50.

The (Brent) price settled with a rise in its last intraday trading, supported by its trading above its EMA50, and under the main bullish trend dominance and its trading alongside a minor bias line on the short-term basis, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels, which decreases the gains of the price.

The (silver) price settled with a slight decline in its last intraday trading, affected by breaking a minor bullish bias line on the short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50, this decline came after offloading the oversold conditions on the (RSI) previously, to notice the emergence of negative overlapping signals which shows the weakness of the positive momentum.