Copper keeps the positivity – Analysis – 20-2-2017
Economies.com
2017-02-20 07:44AM UTC
Copper price kept the positive stability by providing positive close above the minor bullish channel’s support at 2.6700 for today, therefore, we will keep waiting for forming new bullish attack to target 2.7500 in the near period, to for its attraction to the resistance at 2.9000.
The price gets its positive momentum by stochastic rally to 50 level, to increase the positive pressure on the current trading, which allows it to achieve the waited targets, besides the stability of the moving average 55 near the bullish channel’s support that confirms the price confinement within the bullish range in the current trading.
Expected trading range for today is between 2.6700 and 2.9000
Expected trend for today: bullish.
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Oil price will reach $100 in 2024? Expert analysis and which are the best brokers for trading it
2024-05-01 11:23AM UTC
Technical Forecasts for Oil Prices The Best 2 Oil Trading Brokers for This Year The ...
Commodities
Brent oil price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Brent Oil Price Analysis: Expected Scenarios Brent oil price resumes its negative trading to ...
Commodities
Silver price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Silver Price Analysis: Expected Scenarios Silver price settles below the broken neckline of the ...