Copper price surrenders to the moving average negativity – Analysis – 22-6-2020
Economies.com
2020-06-22 05:11AM UTC
No change to Copper price chances to form negative trades, surrendering to the stability of the moving average 55 near 2.6200 barrier, which allows us to wait to gather the additional negative momentum that allows it to record the negative targets at 2.5000 and 2.4530.
We remind you that succeeding to breach the barrier will bring the price back to the correctional bullish track, to keep attempting to record the positive targets at 2.7100 and 2.8080.
The expected trading range for today is between 2.6200 and 2.4530
The expected trend for today: Bearish
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
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...