Copper price attempted to settle above the initial support at $5.9700, however the continuation of the main indicators’ contradiction pushed it to form new sideways fluctuation to settle near $6.0300.

The continuation of forming an obstacle at $6.1200 level against the bullish attempts will increase the chances of forming bearish corrective waves, to increase the chances of reaching $5.8900 and $5.8200, while breaching the barrier and holding above it will the way for resuming the bullish attempt, to reach $6.2500 initially.

The expected trading range for today is between $5.8900 and $6.1200

Trend forecast: Bearish

Ethereum (ETHUSD) continued its rise during recent intraday trading, reaching the key resistance level at $2,400, which was set as a previous target in earlier analysis. This move is supported by the price remaining above EMA50, reinforcing the dominance of the short-term bullish trend, with movement alongside a supportive bullish trendline.

However, some caution signals are emerging as relative strength indicators begin to show overbought conditions, which may temporarily limit further gains in the near term.

Brent crude oil declined slightly during recent intraday trading as part of profit-taking after previous gains, attempting to regain positive momentum and resume its bullish trend. Despite this decline, the price remains stable above the key level of $100.00, which is considered a strong technical breakout confirmation, supported by trading above EMA50, which acts as dynamic support, with positive signals from relative strength indicators after offloading overbought conditions, providing more room for potential further gains in the near term.

The USDCHF pair declined during recent intraday trading, as negative signals emerged from relative strength indicators after previously reaching overbought levels. Despite this short-term weakness, the pair is attempting to build positive momentum that could support a recovery and renewed upward movement, with a short-term corrective bullish wave and continued dynamic support from trading above EMA50, which strengthens the chances of stabilization and rebound in the near term.