Copper price activated with the negative pressure, forming bearish corrective waves, achieving the initial target at $5.6300, to provide some mixed trading by its stability near $5.7700.

The chances of resuming the bullish attempts remain valid due to the continuation of forming a strong obstacle at $5.9700 level, which increase the chances of gathering more gains by reaching $5.5800 and $5.5100.

The expected trading range for today is between $5.5800 and 5.8600

Trend forecast: Bearish

The (ETHUSD) price witnessed fluctuated trading on its last intraday levels, amid the emergence of positive signals from the relative strength indicators, after reaching oversold levels, amid the dominance of the bullish trend and the trading alongside minor trend line on the short-term basis, on the other hand, the price is under negative pressure due to its trading below EMA50, forming an obstacle against the last recovery attempts, to gather its positive strength, which might help it to rise again.

The (Brent) price declined in its last trading on the intraday levels, affected by the stability of $62.25 key resistance, to gather the gains of its previous rises, attempting to offload some of the clear overbought conditions on the relative strength indicators, especially with the emergence of negative crossover, affected by breaching main bearish trend line on short-term basis, with dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of extending its gains on near-term basis.

Silver price witnessed fluctuating trading on its last intraday levels, to gather its bullish strength due to its leaning on EMA50’s support, reinforcing the likelihoods of rising on near period, especially with the emergence of positive signals from relative strength indicators, after reaching oversold levels, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this trend.