Ni news for copper price due to the contradiction of the main indicators, providing weak sideways trading by its stability near $6.3000 level, confined between $6.5100 barrier and $6.1000 level.

Stochastic approach from 20 level makes us expect forming some bullish bearish corrective waves, attempting to reach $6.2000, attacking the previously mentioned support, which represents initial key to confirm the suggested targets in the upcoming trading.

The expected trading range for today is between $6.1000 and $6.4100

Trend forecast: Bearish

(ETHUSD) price witnessed sharp losses during its latest intraday trading, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, to surpass EMA50’s support, which put it under intensive negative pressure and forced it to break main bullish trend line on the short-term basis, suggesting more losses in the near upcoming period and turning its bullish trend into bearish trend.

Brent crude oil kept declining in its recent intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, increasing the negative pressure on the price, which led it to deepen these losses to break a bullish trend line on the short-term basis, intensifying the likelihoods of the decline continuation in near upcoming period, especially with the emergence of the negative signals from the relative strength indicators, despite its stability alongside oversold levels.

The USDCHF pair holds on to strong gains in its last intraday trading, amid the dominance of the short-term main bullish trend, with its movement alongside supportive trend line, besides the continuation of the positive pressure that comes from its trading above EMA50, providing a dynamic support base that reinforces the chances of extending gains in the near upcoming period. On the other hand, we notice negative overlapping signals emerging on relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.