Copper price begins to decline – Analysis – 17-9-2019
Economies.com
2019-09-17 06:43AM UTC
Copper price confirmed its affection by the bearish bias domination, to notice its bounce negatively after facing the resistance at 2.6700, and the stability of the moving average 55 above the current trading increases the negative pressures, to expect reaching below 2.6000 level and targeting 61.8% Fibonacci correction level at 2.5500.
Stochastic surpass to the overbought level and its reach below 50 level supports our negative suggestion by providing a new negative momentum, to increase the chances for resuming the suggested negative attack.
The expected trading range for today is between 2.6200 and 2.5500
The expected trend for today: Bearish
Commodities 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
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
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 Technical Analysis
Commodities
End of day gold price forecast update - 02-05-2024
2024-05-02 16:17PM UTC
Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the ...
Commodities
End of day gold price forecast update - 02-05-2024
2024-05-02 16:16PM UTC
Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the main ...
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...