Copper price confirmed its surrender to the bearish corrective bias by forming new bearish wave to settle near $4.9000 level, the negative factors that are represented by holding below the barrier at$5.2000 and providing extra negative momentum by stochastic, which might increase the chances of attacking the extra support at $4.7500, then monitor its behavior to detect the expected targets in the near and medium trading.

While breaking $4.7500 level will increase the efficiency of the corrective track, forcing it to suffer extra losses by reaching $4.6300 and $4.4600, while its success in surpassing $5.2000 level will confirm its readiness to form strong bullish waves, to expect targeting $5.3200 and $5.5000 initially.

The expected trading range for today is between $4.7500 and $5.1200

Trend forecast: Bearish

The (ETHUSD) price declined in its last trading on the intraday levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and dominance of the main bearish trend on the short-term basis, especially with its trading alongside supportive trendline for this trend, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, indicating the beginning of forming negative divergence.

The (Brent) price settled in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this trend, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to surpass the support of its EMA50, to reinforce the chances of the price decline on the near-term basis.

Silver price kept rising in its last intraday trading, surpassing the resistance of its EMA50, getting rid of its negative pressure amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators after reaching overbought levels, which might reduce the upcoming gains of the price.