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Copper gains new momentum – Analysis – 1-8-2016
Copper price ended the negative fluctuation by leaning above 2.1500 level that forms the extension of the main support, to keep the positive domination until this moment, while we notice the price attempt to gather the bullish momentum by stochastic rally above 50 level, to support the bullish overview for the upcoming trading, waiting to reach 2.2800 followed by 2.3300.
The moving average 55 extension above the mentioned support reinforces the bullish expectations, to confirm confining the price within the bullish level until reaching our targets.
Expected trading range for today is between 2.1700 and 2.2800
Expected trend for today: Bullish
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Natural Gas fluctuates within the bullish level – Analysis – 1-8-2016
Natural gas price provided clear positive trades recently to keep the positive stability above 2.550 support, while the price current fluctuation is caused by the attempt to gather the bullish momentum again, which confirms the attempt to reach the first target at 3.100.
MoreGBPNZD attempts to resume the negativity – Analysis – 1-8-2016
The GBPNZD pair showed new negative trading to move away from the bearish channel's resistance at 1.9065, showing the effect of the bearish bias domination until this moment, while we expect forming new negative attack in the upcoming trading to target 1.7775 level followed by moving towards 1.7320.
MoreBitcoin under the negative pressure – Analysis - 01-08-2016
Bitcoin price fell under negative pressure that pushed trading to break 637.00 level and holding below it, which stops the recently suggested positive scenario and lead the price to begin bearish wave on the intraday basis, followed by targeting areas that begin at 538.45 then 495.00.
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