Copper price revives – Analysis – 21-3-2019

Economies.com
2019-03-21 07:47AM UTC

Copper price succeeded to confirm the positivity by forming bullish wave to surpass 2.9300 barrier, which confirms the price revive, expecting to move towards 2.9700 now, while the continuous positive pressures will extend trades towards 61.8% Fibonacci correction level at 3.0200.

 

Stochastic bullish rally and approaching 80 level forms the major factor to reinforce the bullish attempts by providing new positive momentum and increases the chances of reaching the waited targets.

 

The expected trading range for today is between 2.9300 and 3.000

 

The expected trend for today: Bullish

Commodities News

Gold News

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 ...
Oil News

Commodities

Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Gold News

Commodities

Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...

Commodities Technical Analysis

Platinum Analysis

Commodities

Platinum price moves slowly – Forecast today – 3-5-2024
2024-05-03 07:02AM UTC
Scenarios Scenario 1: Slow Positive Attempts Despite positive factors, platinum price sees slow ...
Copper Analysis

Commodities

Copper price under the negative pressure – Forecast today – 3-5-2024
2024-05-03 07:00AM UTC
Scenarios Scenario 1: Continuous Negative Pressure Copper price affected by stochastic exit ...
Technical Analysis

Commodities

Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...