Copper price failed to breach the $4,8900 level, which represents an extra obstacle against the attempts to resume the bullish attack, forcing it to provide sideways fluctuation near $4.8600, attempting to gather the required positive momentum.

Therefore, we will keep waiting for achieving the required breach, to open the way towards recording more of the gains that begin at $5.0300 and $5.1300, while the failure to breach might increase the chances of forming a temporary negative rebound, to expect targeting $4.7500 level before any attempt to achieve any of the suggested bullish targets. 

The expected trading range for today is between $4.8200 and $4.9000

Trend forecast: Sideways until achieving the breach

The (ETHUSD) price settled with a rise in its last intraday trading, amid its affection by breaching a bearish correctional bias line on the short-term, facing the resistance of EMA50, gathering the gains of its previous rises, attempting to gain the required positive momentum to assist it to get rid of the negative pressure, and attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals emergence from there.

The (Brent) price settled low in its last intraday trading, after reaching our target at the support at $66.50, affected by the stability of this support that assisted the price to settle, attempting to recover some of its previous losses, at the same time it is attempting to offload its clear oversold conditions on the (RSI), especially with the emergence of the positive signals from there, amid the dominance of a bearish correctional wave on the short-term basis.

The (silver) price settled high in its last intraday trading, after reaching our last target at the support of $35.30, gaining positive momentum duet o its stability, which pushed the price to attempt to recover some of its losses, supported by the emergence of the positive signals on the (RSI), despite this strong rise the price remains moving alongside a bearish correctional trend line on the short-term basis, and the price is under the negative pressure due to its trading below its EMA50.