Copper price kept the positive stability above $5.5100 support in the last trading, to rally towards the initial target at $5.8100, taking advantage of stochastic stability within the overbought level.

The continuation of the pressure on $5.8100 level might allow it find an exit for resuming the bullish attack, to expect breaching $5.9700 to extend the trading towards the bullish channel’s resistance at $6.1700 level.

The expected trading range for today is between $5.6100 and $5.9700

Trend forecast: Bullish

 The (ETHUSD) price rose in its last intraday trading, amid the dominance of minor bullish wave on the short-term basis, with the trading alongside supportive trend line for this trend, especially with the continuation of the dynamic support that is represented by its trading above EMA50, besides the emergence of the positive signals from the relative strength indicators, after forming positive divergence that is reinforced by the chances of extending the gains on the near-term basis.

The (Brent) price declined in its last trading on the intraday levels, reaching the resistance of its EMA50, which put it under negative pressure that intensified by retesting the previously broken bullish corrective trend line on the short-term basis, especially with offloading its oversold conditions on the relative strength indicators, opening the way for recording more of the losses in the upcoming period.

Silver price rose in its last intraday trading, due to its leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, especially with its moves alongside main bullish trend line on short-term basis, besides the emergence of bullish momentum from the relative strength indicators, after reaching oversold levels, which increases the chances of extending the gains on the intraday basis.