Copper price begins to decline – Analysis – 26-6-2018

Economies.com
2018-06-26 06:37AM UTC

Copper price begins to form negative trading to move away from 3.0700 resistance today, noticing its approach to the first negative target at 2.9500, noting that the continuous negative pressures caused by stochastic consolidation within the oversold areas will confirm the continuation of the negativity and expect moving towards 38.2% Fibonacci correction level at 2.8500 in the upcoming period.

 

Expected trading range for today is between 3.0200 and 2.8500

 

Expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Silver News

Commodities

Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Gold News

Commodities

Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...

Commodities Technical Analysis

Silver Analysis

Commodities

Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Gold Analysis

Commodities

Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Brent oil Analysis

Commodities

Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...