Copper price still limited – Analysis – 12-2-2019

Economies.com
2019-02-12 08:19AM UTC

There is no change on Copper price’s sideways trading, due to its repeated confinement between the bullish channel’s support at 2.7600, while 2.8460 level keeps forming an obstacle against the bullish rally, and the contradiction between the main indicators reinforces the intraday sideways trading until the price success to detect the bullish attempts, which targets surpassing the barrier to reach 2.9360 and 3.0300.

 

The expected trading range for today is between 2.7600 and 2.8400

 

The expected trend for today: Sideways

 

Commodities News

Brent Oil 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 ...
Gold News

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 ...
Oil 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 Technical Analysis

Brent oil 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 ...
Oil Analysis

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 ...
Silver Analysis

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 ...