Copper price hovers around the initial support – Analysis – 27-11-2018
Economies.com
2018-11-27 07:59AM UTC
Copper price was affected by additional negative pressures to force the price to settle around the initial support 2.7300 as appears on the chart, while we need to get rid of the negative pressures to support the bullish trend that targets 2.8500 initially, followed by reaching 2.9500 in the upcoming period.
On the other hand, crawling below the current support will confirm postponing the bullish attack temporarily until testing the bullish channel’s support line by reaching 2.6700, followed by monitoring the price behavior due to the importance of this level to detect the next main trend.
Expected trading range for today is between 2.7300 and 2.8500
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
Platinum price touches the main target – Forecast today – 30-4-2024
2024-04-30 05:30AM UTC
Platinum Price Analysis Expected Scenario Platinum price took advantage of frequent ...
Commodities
Copper price attacks the resistance – Forecast today – 30-4-2024
2024-04-30 05:29AM UTC
Scenario Analysis for Copper Price Expected Scenarios Copper price successfully reached the ...
Commodities
Gold price awaits the break – Forecast today - 30-04-2024
2024-04-30 05:28AM UTC
Gold Price Analysis Gold price is hovering around the $2325.90 level and has initiated new ...