Copper price kept its positive stability above the moving average 55 to keep the continuation of the suggested positivity that depends on the stability of the bullish channel’s support at $4.0500, to notice the weakness of the bullish attempts due to the continuation of stochastic contradiction that is fluctuating now within the oversold level.

Gaining the required extra positive momentum, to motivate the bullish attack, to expect attacking the initial positive target at $4.7400, and surpassing it will make it record several gains in the upcoming period trading. 

The expected trading range for today is between $4.3700 and $4.6300

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, after offloading some of its clear overbought conditions on the (RSI), opening the way for achieving more of the gain, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis that supports this trend.

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The (Brent) price rose in its last trading on the intraday levels, in an attempt to recover its previous losses, this rise was supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, testing the resistance of minor bearish trend line on the short-term basis, amid the continuation of the negative pressure that comes from its trading below EMA50, which prevents the recovery on the near-term basis.

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The (silver) price expanded its gains in its last trading on the intraday levels, to breach the key resistance at $38.50, supported by its trading alongside a minor bullish trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above its EMA50, as the last rise succeeded in offloading the clear overbought conditions on the (RSI), opening the way for achieving more of the gains on the near-term basis.

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