Copper price repeats the negative closings – Analysis – 16-6-2022
Economies.com
2022-06-16 05:03AM UTC
Copper price still affected by the domination of the bearish bias due to the negative stability below 4.4300 resistance, to increase the chances of renewing the negative attack.
Note that stochastic attempt to exit the oversold areas might force the price to provide temporary sideways fluctuation until gathering the required negative momentum to reach the negative stations at 4.0500 and 3.9400.
The expected trading range for today is between 4.2600 and 4.0500
The expected trend for today: Bearish
Commodities News
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...