Copper price is affected by the positivity of the main indicators since yesterday, specifically by forming extra support by the moving average 55 at $5.9500, which obstructs the bearish corrective attempts, forming new sideways fluctuations by its stability near $6.1000.

The sideways fluctuations remains the dominance in today’s trading until gathering the negative momentum, confirming the importance of its stability at $6.3000 level, to motivate forming bearish waves to target $5.8200 and $5.7100.

The expected trading range for today is between $5.9500 and $6.2000

Trend forecast: Fluctuating

(ETHUSD) declined in its latest intraday trading, affected by reaching the resistance of EMA50, which forced it to rebound lower, especially with the emergence of the negative signals from the relative strength indicators, after forming negative divergence that intensifies the negative pressure on the price, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path.

Brent crude oil settles with limited gains in its recent intraday trading, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, in a clear signal for losing the bullish momentum, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the strength and stability of the main bearish trend on the short-term basis.

The USDCHF pair rose in its last intraday trading, due to its stability on EMA50’ resistance, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on the short-term basis, noticing the beginning of positive signals emergence from the relative strength indicators, after reaching oversold levels, reinforcing the chances of extending these gains in the upcoming near period.