Copper price activated since this morning’s trading to the positive signals from the main indicators, maintaining its position above the stable support level at $6.1000, as we notice the beginning of forming new upward waves that have settled it near $6.5000.

We reiterate that confirmation of the price’s readiness to resume the upward momentum will remain valid unless the resistance level at $6.6000 is broken. In that case, the price may shift into new sideways trading. However, a successful breakout and stability above this resistance would make it easier for the price to reach additional targets, which may start at $6.7800 and $6.9200.

The expected trading range for today is between $5.3500 and $6.6000

Trend forecast: Fluctuating

Ethereum is holding onto its recent intraday gains after breaking above the key resistance at $1,700, supported by a short-term corrective uptrend, moving along an ascending trendline that reinforces the bullish structure.

The outlook is strengthened by trading above the EMA50, which continues to provide dynamic support and supports the possibility of extending gains in the near term. Relative strength indicators are also sending positive signals, indicating sustained bullish momentum.

Brent crude oil extended its intraday losses, reinforcing the dominance of the short-term bearish trend. The price continues to move along a downward-sloping trendline, while remaining below the EMA50, which adds further dynamic resistance and limits any recovery attempts in the near term.

The bearish outlook is also supported by negative signals from relative strength indicators after they moved out of oversold territory, suggesting renewed downside momentum and the potential for additional declines.

USDCHF declined during recent intraday trading, breaking a short-term ascending trendline. This move increased bearish pressure on the pair, pushing it below the EMA50, which now acts as a dynamic resistance and reinforces downside risks in the near term.

The outlook is further supported by emerging negative signals from relative strength indicators after they eased from oversold conditions, suggesting room for renewed selling pressure and the potential for deeper losses ahead.