No change to Copper price trades – Analysis – 4-7-2018
Economies.com
2018-07-04 06:12AM UTC
No change to Copper price, as it continues to consolidate within the bearish range to notice recording 2.9000 level yesterday, while the stability of the initial resistance at 3.0300 confirms the continuation of the negativity, to keep waiting to move towards 38.2% Fibonacci correction level at 2.8500, and breaking this level will extend trading towards 2.7000.
We notice that stochastic attempts to form new bearish wave to approach 20 level and increase the chances of providing the required negative momentum to resume the suggested negative attack.
Expected trading range for today is between 3.000 and 2.8500
Expected trend for today: Bearish
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 ...