Copper price continues to resist the negative pressures – Analysis – 18-6-2019

Economies.com
2019-06-18 07:10AM UTC

Copper price still keeps the chances of renewing the bullish attempts despite facing strong negative pressures, to notice its frequent stability above the bullish channel’s support line at 2.6300, noting that it is important to gather strong positive momentum to manage to reach the positive stations at 2.7200 and 2.7800.

 

We remind you that attempting to decline below the current support and providing negative close will confirm surrendering to the negative trading and increases the chances of suffering big losses by moving towards 2.5300 and 2.4500 levels.

 

The expected trading range for today is between 2.6300 and 2.7200

 

The expected trend for today: Bullish

 

Commodities News

Gold News

Commodities

Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Gold News

Commodities

Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Gold News

Commodities

Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Oil Analysis

Commodities

Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Silver Analysis

Commodities

Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...