Copper price didn’t succeed in recording any new gains recently below 61.8%Fibonacci correction level at$4.8100, contradicting the bullish scenario, to notice forming sideways trading by its fluctuation near 4.7500.

Note that the stability of $4.6600 as extra support besides the continuation of providing positive momentum by the main indicators, these factors make us keep preferring the bullish scenario until reaching the initial target at $4.8900 and surpassing it will ease the mission of reaching the next stations at 5.0300.

The expected trading range for today is between $4.7000 and 4.8900

Trend forecast: Bullish

The price of (ETHUSD) rose in its recent intraday trading, attacking the current resistance level at $2,545, attempting to get rid of the negative pressure of the EMA50, and the last rise came supported by the positive signals emerging on the (RSI), amid the dominance of the sideways bias on the short-term basis, which created confused trading.

The price of (BTCUSD) soars high in its recent intraday trading, approaching our morning target by testing the resistance level of $106,500, supported by the emerging of the positive signals on the (RSI), attempting to surpass the negative pressure of the EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, reinforcing the positive scenario on its futuristic moves.

The price of (Brent) rose in its last intraday trading, due to the stability of the critical support at $74.70, gaining more of the positive momentum with the continuation of the dynamic support that is represented by its trading alongside a minor bullish trend on the short-term basis, reinforcing its move above its EMA50, and the price succeeded in offloading its clear overbought conditions on the (RSI), providing bigger space for achieving more of the gains.