Copper confirms the negativity – Analysis – 23-3-2018
Economies.com
2018-03-23 08:51AM UTC
Copper price provides new negative close below the broken support to form new resistance at 3.0750 and confirm the continuation of the negativity for the upcoming period, while the consolidation of the moving average 55 around the mentioned resistance confirms blocking the price within the negative range and increases the chances of achieving additional targets that start at 2.8500 followed by 2.7000.
Stochastic fluctuation within the oversold areas allows the price to get additional momentum now and paves the way to resume achieving the waited targets.
Expected trading range for today is between 3.0700 and 2.8500
Expected trend for today: Bearish
Commodities 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 ...
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 ...
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
Commodities
Coffee price renews the positive action – Forecast today – 20-5-2024
2024-05-20 05:49AM UTC
Coffee Price Analysis Expected Scenario The coffee price took advantage of the MA55 ...
Commodities
Natural gas price approaches the second target – Forecast today – 20-5-2024
2024-05-20 05:49AM UTC
Natural Gas Price Analysis Expected Scenario The natural gas price resumed the bullish ...
Commodities
Platinum price tends to resume the bullish attack – Forecast today – 20-5-2024
2024-05-20 05:42AM UTC
Platinum Price Analysis Expected Scenario The platinum price repeated attempts to breach ...