Copper affected the indicators’ contradiction – Analysis – 22-1-2018
Economies.com
2018-01-22 08:17AM UTC
To contradiction between the major indicators continued to force Copper price to show additional sideways trading by fluctuating around the initial support 3.2000, while the stability of the current support line will keep the bullish overview valid until this moment, waiting to gather the required momentum followed by reaching the first positive target at 3.4400.
We remind you that the price attempt to crawl below the initial support 3.2000 will postpone the bullish attempts and push the price for some correctional bearish trades, expecting to move towards 3.0800 level.
Expected trading range for today is between 3.2000 and 3.4400
Expected trend for today: Bullish
Commodities News
Commodities
Gold gives up two-week high following aggressive remarks
2024-05-13 10:00AM UTC
Gold prices fell in European trade on Monday for the first day in three away from two-week highs on ...
Commodities
Palladium regains footing but remains below $1000
2024-05-10 14:55PM UTC
Palladium prices rose on Friday even as the dollar inched higher against major rivals, however, the ...
Commodities
Silver prices rush to three-week highs as US yields taper off
2024-05-10 11:46AM UTC
Silver prices rose in European trade on Friday on track for the third straight profit, scaling a ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Brent oil price Expected Scenario Brent oil price shows bullish bias now, affected by ...
Commodities
Crude oil price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Crude oil price Expected Scenario Crude oil price trades positively to head towards ...
Commodities
Silver price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Silver price Expected Scenario Silver price continues to fluctuate near 28.00$ level, ...