Copper price prepares to test the resistance – Analysis – 6-7-2020
Economies.com
2020-07-06 05:12AM UTC
Copper price kept its positive stability above 2.6200 level, confirming its surrender to the domination of the correctional bullish bias by settling at 2.7200 recently, while the moving average 55 crawl near the initial support and stochastic stability within the overbought areas allow us to expect forming new positive rally to increase the chances of testing the bearish channel’s resistance at 2.8050 followed by monitoring the price behavior to manage to detect the next main trend.
The expected trading range for today is between 2.6500 and 2.8050
The expected trend for today: Bullish
Commodities News
Commodities
Why's Germany choosing natural gas instead of nuclear power?
2024-05-08 19:47PM UTC
The world is witnessing a renaissance of nuclear power, which has sent uranium prices soaring in ...
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 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 ...