Copper price awaits the positive momentum – Analysis – 18-1-2022
Economies.com
2022-01-18 06:16AM UTC
No news for copper price until this moment, to continue fluctuating within sideways range due to the lack of the positive momentum, also, the contradiction between the moving average 55 that settles near 4.3500 support line against stochastic negativity confirms the domination of the sideways trades, to expect confining trades between the current support and 4.4700.
On the other hand, gathering the positive momentum will allow the price to form strong bullish waves to attempt to achieve more positive targets that might start at 4.5200 and 4.6200 levels.
The expected trading range for today is between 4.3500 and 4.4700
The expected trend for today: Bullish
Commodities News
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
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Wheat price under the negative pressure – Forecast today - 30-04-2024
2024-04-30 04:06AM UTC
Wheat Price Analysis The price of wheat traded with clear negativity yesterday, breaking the ...
Commodities
Sugar price tests the resistance – Forecast today - 30-04-2024
2024-04-30 04:06AM UTC
Sugar Price Analysis The price of sugar recorded positive trades yesterday, testing the key ...
Commodities
Corn price needs the positive momentum – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
Corn Price Analysis The price of corn shows a bearish bias, moving below the 449.20$ level. ...