Copper price succeeds to breach – Analysis – 26-6-2020
Economies.com
2020-06-26 09:02AM UTC
Copper price succeeded to breach the moving average 55 and hold above it, to confirm the preparation to resume the correctional bullish attack, expecting to gather new positive momentum to rally towards 2.7100 that forms the first positive target followed by attempting to test the bearish channel’s resistance at 2.8000.
We remind you that crawling below 2.6000 might postpone the correctional bullish attack and force the price to suffer some losses by moving towards the initial support at 2.4530.
The expected trading range for today is between 2.6000 and 2.7100
The expected trend for today: Bullish
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 ...