Copper price kept the bullish scenario by surpassing the barrier at $5.9700, to begin recording new historical gains by its stability near $6.0700, despite the weakness of the bullish momentum, there is a chance for targeting $6.1200, and surpassing it will reinforce the chances of reaching the bullish channel’s resistance at $6.2050.

The risk of changing the current trend and beginning the bearish corrective scenario by the price attempt to decline below $5.7500, which might force it to suffer several losses to gather more gains reaching $5.6000 and $5.5100.

The expected trading range for today is between $5.8800 and $6.2000

Trend forecast: Bullish

The GBPJPY pair took advantage of the positive factors that begin by the main stability within the bullish channel’s levels and surpassing extra barrier at 212.75, besides providing bullish momentum by the main indicators, to resume the bullish attack and recording the previously suggested initial target by hitting 214.30 level.

The price might need a chance to catch its breath and provide some sideways trading, to gain new bullish momentum, opening the way for reaching new bullish stations that might begin at 214.55 reaching %2.236 Fibonacci extension level near 214.90.

The expected trading range for today is between 213.35 and 214.55

Trend forecast: Bullish

The (ETHUSD) price settled on sharp gains in its last intraday trading, to confirm breaching $3,300 resistance, taking advantage of dynamic support that is represented by its trading above EMA50, under the dominance of the bullish trend on short-term basis with its trading alongside trendline, besides the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.

The (Brent) price fluctuated in its last trading on the intraday basis, due to the stability of the resistance at $65.00, this resistance represents our expected target in our previous analysis, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and breach this resistance, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from them, amid the dominance of the main bullish trend on the short-term basis.