Copper price repeats the negative fluctuation – Analysis – 22-1-2020
Economies.com
2020-01-22 07:54AM UTC
Copper price still affected by the negative pressure to notice providing additional negative trades and reach 2.7700 level, while the negative pressures caused by the stability of the bullish channel’s resistance at 2.8800 besides stochastic reach to the oversold areas as appears on the chart.
These factors reinforce the bearish scenario for the near term trading, waiting to achieve new negative correctional targets that might extend to 2.7200 followed by 2.6950.
The expected trading range for today is between 2.8400 and 2.7200
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
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 Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...