Copper price awaits the break – Analysis – 14-8-2018
Economies.com
2018-08-14 07:03AM UTC
Copper price still stuck on the intraday basis as it could not break 2.7000 barrier, noticing that the major indicators provide the additional negative momentum to keep waiting to crawl below the current barrier and start recording the additional negative targets at 2.6200 followed by 2.5500.
Failing to achieve the break might force the price to provide some correctional bullish fluctuation to assist to open the way to target 2.7800 followed by reaching 38.2% Fibonacci correction level at 2.8500.
Expected trading range for today is between 2.7800 and 2.6200
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 $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...