Copper gains new momentum – Analysis – 13-3-2018
Economies.com
2018-03-13 06:05AM UTC
Copper price succeeded to gain new momentum yesterday, due to stochastic rally above 50 level, reinforcing the continuation of the bullish bias domination, and the stability of the main support at 3.0500 forms the main factor for the continuation of the positivity, targeting 3.2000 level in the near period reaching to the top at 3.3200.
We should mention that the price attempt to reach below the main support and providing negative close below this level will cancel the positive overview, to begin targeting several levels that begin at 2.9500.
Expected trading range for today is between 3.1000 and 3.2000
Expected trend for today: Bullish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Wheat price begins negatively – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Wheat Price Analysis Expected Scenarios Wheat price provided strong positive trades in the ...
Commodities
Sugar price within sideways range – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Sugar Price Analysis Expected Scenarios Sugar price fluctuates within sideways range as ...
Commodities
Soybean price keeps rising – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Soybean Price Analysis Expected Scenarios Soybean price shows more bullish bias to settle ...