Copper price awaits the positive momentum – Analysis – 7-12-2018

Economies.com
2018-12-07 09:20AM UTC

Copper price remained stable by providing repeated sideways trading, attempting to face the negative pressures, to keep its stability within the main bullish channel levels, note that the stability of the main support at 2.6900 is important, to wait for gathering the positive momentum, which allows it to resume the attempts for recording the targets at 2.8500 and 2.9100.

 

Expected trading range for today is between 2.7000 and 2.8000

 

Expected trend for today: Bullish.

 

 

Commodities News

Oil 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 ...
Gold News

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 ...
Gold News

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

Brent oil Analysis

Commodities

Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Oil Analysis

Commodities

Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Silver Analysis

Commodities

Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...