Copper price provided a new negative close below the barrier at$5.9700, announcing to delay the bullish attack, to begin activating the bearish corrective trend by reaching $5.7900 initially, approaching the initial suggested target in the previous report.

Stochastic exit from the overbought level will increase the negative pressure on the price, which makes us keep the bearish corrective suggestion, to expect targeting $5.6000 level, to press on the extra support at $5.5100.

The expected trading range for today is between $5.6000 and$5.8600

Trend forecast: Bearish correctly

The (ETHUSD) price fluctuated sharply on its last intraday levels, amid its attempts to gain bullish momentum that might help it to recover and rise again, with the emergence of negative signals from relative strength indicators, with the dominance of the main bullish trend on short-term basis, and its trading alongside supportive trend line for this trend, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on near-term basis.

The (Brent) price kept declining in its last intraday trading, approaching from leaning on EMA50’s support, which reinforces the chances of gaining the required bullish momentum for its recovery and rising again, amid the dominance of the main bullish trend on the short-term basis, with the beginning of forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive overlapping signals.

Silver price declined in its last intraday trading, due to the stability of the solid resistance at $92.00, to attempt to gain bullish momentum that might help it to breach this resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, with its trading alongside trend line, besides the emergence of positive signals from relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains on a near-term basis.