Copper price resists the negative pressures – Analysis – 10-9-2021
Economies.com
2021-09-10 06:09AM UTC
Copper price started to resist that negative pressures, attempting to settle above the bullish channel’s support line at 4.2800 again in order to increase the chances of regaining the bullish bias, also, the stability of the moving average 55 below the current trades allows us to suggest the bullish trades that might target 4.4100 and 4.5200 levels.
On the other hand, declining below the mentioned support will cancel the positive overview, to form strong negative waves that might push it to reach 4.1200 initially.
The expected trading range for today is between 4.2600 and 4.4100
The 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 $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Wheat price keeps its positive stability – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Wheat Price Analysis Wheat price provided clear positive trades in the previous sessions to ...
Commodities
Corn price tests the support base – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Corn Price Analysis Corn price is testing 449.20$ level and keeps its stability above it, ...
Commodities
Brent oil price begins negatively – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Brent Oil Price Analysis Brent oil price rebounds bearishly after testing 89.50$ level, to head ...