Copper price confirmed its surrender to the bearish corrective bias, by providing several closes below the broken support that is represented by $5.5100 level, recording negative targets by reaching $5.1900.

The continuation of providing negative momentum by the main indicators might push the price to resume the corrective moves, to reach $5.0500 that might form an extra support, breaking this support will open a new way for targeting extra negative stations that might begin at $4.9500, while the stability above it might provide a chance for forming some bullish waves, to target $5.4200 level.

The expected trading range for today is between $5.0500 and $5.4000

Trend forecast: Bearish

Ethereum (ETHUSD) kept declining in its recent intraday trading, affected by the dynamic and negative pressure that is represented by its trading below EMA50, to break main bullish trend line on short-term basis, intensifying the negative pressure on the price, despite the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which helped it to reduce the sharp losses, which will not has strong effect unless it recovers the key and near resistance levels.

Brent crude oil settles with consecutive gains in its last intraday trading, taking advantage of the continued positive support due to its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this path.

On the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which reduced the last gains, and we might witness some fluctuating moves due to its neediness to offload some of these overbought conditions.

The USDCHF pair rose during its latest intraday trading, affected by the emergence of the positive signals from the relative strength indicators, under the dominance of the main bullish trend on short-term basis, with its trading alongside minor supportive trend line for this path, besides the continuation of the dynamic and positive pressure that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis, after a downtrend journey that aimed to look for higher low to use it as a base to rise again.