Copper price provided several positive closes above $5.5100 level in the last trading, which represents %161.8 Fibonacci extension level, attempting to reinforce the chances of regaining the bullish bias by reaching $5.6700 level.

The continuation of attempting bullish momentum by the main indicators makes us wait for confirm the stability of the price above $5.6200 level, opening the way for targeting new bullish stations that might extend towards $5.7500 and $5.9700.

The expected trading range for today is between $5.5500 and $5.7500

Trend forecast: Bullish

Ethereum (ETHUSD) stabilized at sharp losses during its latest intraday trading, amid emerging negative signals from the relative strength indicators after reaching heavily overbought levels. The price is attempting to gain positive momentum that may help it recover and rise again, supported by continued trading above EMA50, which provides dynamic support and renewed momentum, reinforcing the stability of the main upward trend in the short term.

Brent crude oil stabilized higher during its latest intraday trading, preparing to attack the nearby key resistance level at $110.65. This comes as it benefits from dynamic support provided by trading above its EMA50, moving along a short-term main upward trendline that supports the scenario of breaking this resistance. Positive signals from the relative strength indicators also appear, after the price managed to relieve its overbought condition.

The (USDCHF) surged higher during its latest intraday trading, supported by its EMA50, which provided positive momentum and helped achieve these gains. This comes amid the dominance of the main upward trend in the short term, with the pair moving along a supporting trendline. In the background, we also notice the emergence of positive signals from the relative strength indicators after reaching heavily oversold levels.