Copper price succeeded in activating the bullish attack by surpassing $5.9700 barrier, to begin recording clear gains by reaching $6.2300, recording extra suggested target in the previous report.

Note that the stability above $5.9700 level might form an important support, besides providing bullish momentum by the main indicators, these factors support resuming the bullish attack, to expect targeting new stations that might begin at $6.4100.

The expected trading range for today is between $6.0700 and $6.4100

Trend forecast: Bullish

The (ETHUSD) price witnessed sharp losses on its last intraday levels, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels, leaning on EMA50’s support, in attempt to gain bullish momentum that might help it to recover and rise again, to complete the bullish corrective wave that controls its previous moves on a short-term basis.

The (Brent) price extended its gains in its last intraday trading, breaching $67.35 resistance, which represented an expected target in our previous analysis, supported by the emergence of positive signals from relative strength indicators, after offloading its overbought conditions previously, especially with the dominance of the main bullish trend on short-term basis with its trading alongside supportive minor trend line for this trend.

The (USDCHF) price declined in its last intraday trading, amid the dominance of the main bearish trend and its trading alongside supportive minor bullish trend for this track on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the price recovery on near-term basis, especially with forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of negative signals from there.