There is no change on copper price, despite forming mixed trading due to its stability above the extra support near $5.1300, increasing the chances of its activation with the positivity of the main indicators.

Stochastic stability within the overbought level will provide new positive momentum to ease the mission of resuming the bullish attack, reminding you that the stability of the next main target near $5.5000, while the decline below the current support might force it to form temporary corrective trading, and there is a chance for the decline towards $4.9500 reaching the main support near $4.7500.

The expected trading range for today is between $5.1850 and $5.5000

Trend forecast: Bullish

The (ETHUSD) price declined in its last intraday trading, after reaching our last expected target at $3,370, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the relative strength indictaors, especially with the emergence of negative overlapping signals, to gather its bullish momentum that may help it to breach the resistance, supported by its continuous trading above EMA50, and under the dominance of the bullish corrective trend on the short-term basis.

The (Brent) price declined in its last intraday trading, affected by its exit from bullish corrective channel’s range that limited its previous trading on the short-term basis, with the continuation of the negative pressure, especially with the emergence of negative overlapping signals on the relative strength indicators, after offloading some of its oversold conditions.

Silver price surged higher in its last intraday trading, reaching $61.50 resistance that represents our previous analysis, amid full dominance for the main bullish trend on the short-term basis, with its trading alongside supportive main and minor trend lines for this track, besides the continuation of the dynamic support that is represented by its trading above EMA50, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which reduces the upcoming gains.