Copper price hits the first target – Analysis – 26-3-2021
Economies.com
2021-03-26 07:43AM UTC
Copper price touched the first correctional target at 3.9500 yesterday, to rebound and attempt to gather more negative momentum to confirm the continuation of the negativity in the near term period.
The stability of 4.1400 barrier confirms blocking trades within the correctional bearish track, to expect gathering the additional negative momentum to reach 3.8800 level, while surpassing it might push the price to test the bullish channel’s support line at 3.6600.
The expected trading range for today is between 4.0550 and 3.8810
The expected trend for today: Bearish
Commodities 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 ...
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 Technical Analysis
Commodities
Platinum price moves slowly – Forecast today – 3-5-2024
2024-05-03 07:02AM UTC
Scenarios Scenario 1: Slow Positive Attempts Despite positive factors, platinum price sees slow ...
Commodities
Copper price under the negative pressure – Forecast today – 3-5-2024
2024-05-03 07:00AM UTC
Scenarios Scenario 1: Continuous Negative Pressure Copper price affected by stochastic exit ...
Commodities
Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...