Copper price tests the support – Analysis – 20-10-2021
Economies.com
2021-10-20 04:44AM UTC
Copper price forced to form bearish correctional rebound to test the bullish channel’s support at 4.5700, the stability of this support reinforces the continuation of the positivity, to expect gathering positive momentum, resuming the bullish attempts to target 4.8100 reaching 4.9400 level in the medium period.
The continuation of suffering negative pressures and reaching below the current support, so that will confirm exiting the bullish track, to suffer several losses by its decline to 4.4700 reaching to 4.3300.
The expected trading range for today is between 4.6000 and 4.8100
The expected trend for today: Bullish conditioned by the stability of the support.
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities Technical Analysis
Commodities
Wheat price surpasses the resistance – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
Wheat Price Analysis Expected Scenario Wheat price has managed to breach the 614.10$ ...
Commodities
Sugar price resumes the decline – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
Sugar Price Analysis Expected Scenario Sugar price has resumed its negative trades, ...
Commodities
Soybean price attempts to recover – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
Soybean Price Analysis Expected Scenario The soybean price has returned to rise after a ...