Copper price remains weak by its fluctuations near the initial support at $5.9700 level, affected by stochastic negativity, which might increase the chances of activating the previously suggested bearish corrective track.

Forming a strong obstacle at $6.1200 level against the current trading supports our corrective scenario, which might target $5.8900 and $5.8200.

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

Trend forecast: Bearish

Ethereum (ETHUSD) rose during recent intraday trading, attempting to recover part of its previous losses while its is offloading clear oversold conditions on relative strength indicators, with early positive signals beginning to appear, however, the overall technical picture remains negative. The price is still affected by a prior break of a short-term ascending trend line, and it continues to trade below EMA50, which adds dynamic negative pressure and strengthens the bearish outlook.

Brent crude oil rose during recent intraday trading, supported by a strong short-term bullish wave, with the continuation of the trading above EMA50, providing positive dynamic support and reinforcing the stability of the upward trend, especially with ongoing positive signals from relative strength indicators.

However, these indicators have reached heavily overbought levels, which may limit further gains in the near term.

The USDCHF pair rose during recent intraday trading and is now preparing to test the key resistance level at 0.7870. This comes amid a short-term bullish corrective wave, with price movements aligned along a supportive trend line.

The pair continues to benefit from positive and dynamic pressure, as it trades above EMA50, which strengthens the likelihood of extending gains in the near term. In addition, positive signals are emerging from relative strength indicators, despite reaching heavily overbought levels.