Copper price resists the negative pressures – Analysis – 3-3-2021
Economies.com
2021-03-03 06:09AM UTC
Copper price resisted the negative pressures to notice providing new daily close above 4.0850 that represents the extension of the additional support, to increase the chances of providing bullish rally and repeat the attempt to press on 4.4200 that forms the waited target of the bullish track
On the other hand, facing negative pressures and providing negative close today below the mentioned support will force the price to suffer many losses by moving towards 3.8810 and 3.5200 levels.
The expected trading range for today is between 4.0850 and 4.4000
The expected trend for today: Bullish
Commodities News
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
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 Technical Analysis
Commodities
Brent oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Brent Oil Price Analysis Brent oil price is affected by stochastic positivity, trading ...
Commodities
Crude oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Crude Oil Price Analysis Crude oil price fluctuates positively to approach testing the key ...
Commodities
Silver price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Silver Price Analysis Silver price breached the 26.90$ level clearly and closed the last four ...