Copper needs strong momentum – Analysis – 2/7/2015
Economies.com
2015-07-02 06:57AM UTC
We are still waiting copper price to get new negative momentum to activate the previously suggested negative attempts, noticing the stability around 2.6350 level without showing any new actions until this moment, while the stability of the moving average below the main resistance confirms the negative continuation for the upcoming period, waiting to reach the main target at 2.4000.
Stochastic move within a positive level supports the sideways fluctuation until forming bearish wave that offers the required momentum to confirm reaching the waited target.
Expected trading range for today is between 2.6600 and 2.5000
Expected trend for today: Fluctuated bearishly
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Silver price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Silver Trading Report Silver price continues to decline to move below the neckline of the double ...