Copper price postpones the decline – Analysis – 20-5-2022
Economies.com
2022-05-20 05:36AM UTC
The lack of the negative momentum and fluctuating above 4.2000 level led Copper price to confirm postponing the negative attack for now, to notice the beginning of forming positive waves to settle near 4.2600, and despite the main stability below 4.4000 key resistance, stochastic continuous positive momentum increases the chances of forming more positive fluctuation in order to test the major resistance before reaching any new negative target.
The expected trading range for today is between 4.1700 and 4.4000
The expected trend for today: Bullish
Commodities News
Commodities
US crude stocks fall more than expected last week
2024-05-08 15:53PM UTC
The Energy Information Administration reported a drop of 1.4 million barrels in US crude stocks ...
Commodities
Gold under pressure as dollar gains ground
2024-05-08 10:04AM UTC
Gold prices fell on Wednesday on track for the second day in a row, about to trade below the ...
Commodities
Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price succeeded to touch our waited ...
Commodities
Crude oil price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades with clear negativity ...
Commodities
Silver price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Silver Price Analysis Expected Scenario Silver price trades negatively now to approach ...