Copper price took advantage of the positive momentum that comes from stochastic approach from 80 level, forming bullish waves and attacking 61.8%Fibonacci correction level at $4.8100.

The positive factors specifically the stability of the extra support at $4.6600 will increase the chances for the trading’s rally near the target at $4.8900, reminding you that surpassing it will ease the mission of achieving extra gains that might extend to $5.0300.

The expected trading range for today is between $4.7400 and $4.8900

Trend forecast: Bullish

The (ETHUSD) price moved in limited tight trading range in its last intraday trading, supported by the stability of the current support level at $2,470, with the emergence of the negative signals on the (RSI), on the other hand, the price suffers from the continued negative pressure due to its trading below its EMA50, this comes amid the dominance of the sideways trend on the short-term basis.

The (Brent) price fluctuated in its last intraday trading, attempting to gain a positive momentum that might assist it to recover and rise again, amid its stability above the critical resistance of $74.70, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, noticing the price success if offloading the clear overbought condition on the (RSI), which assist to reinforce the bullish trend.

The (silver) price settled low in its last intraday trading, reaching the last chance for gaining the positive momentum that might assist it to recover and rise again, to lean on the support of its EMA50, leaning on a minor bullish trend line on the short-term basis, increasing the importance of the this area as a dynamic support for the stability of the positive situation in the last period, accompanied by the (RSI) reach to oversold levels, which suggest the beginning of forming a positive divergence.