Copper price formed temporary bullish wave, to reach the barrier at $5.1000 level, to settle below it, confirming delaying the bullish attack and attempt to activate the previously suggested bearish correctional track.

The continuation of providing negative momentum by stochastic exit from the overbought level will increase the negative pressures, to keep our expectation by the attempt of targeting $4.9100 level and surpassing it will make $4.8100 level is the next correctional target in the current trading.

The expected trading range for today is between $4.9100 and $5.1000

Trend forecast: Bearish

The (ETHUSD) price rose in its last intraday trading, attempting to recover some of previous losses, and attempts to offload some of its clear oversold conditions on the (RSI), especially with the appearance of the positive signals from them, with its affection by breaking bullish correctional trend line on the short-term basis, and there is negative pressure due to its trading below a previous EMA50.

The (Brent) price settled high in its last intraday levels, affected by the stability of the critical support level at $66.50, providing bullish momentum if it remains stable, amid the dominance of bearish correctional wave on the short- term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the appearance of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared to the price move.

The (silver) price rose in its last intraday trading, due to its lean on the support of minor bullish trend line on the short-term basis, providing bullish momentum to attempt to surpass the negative pressure of EMA50, this rise came after the (RSI) reached exaggerated oversold levels compared to the price move, opening the way for achieving more of the gains.