No news for copper price – Analysis – 1-6-2021

Economies.com
2021-06-01 05:06AM UTC

Copper price didn’t show any move since yesterday, due to the contradiction of the fluctuation below 4.7000 barrier against the positive pressures by stochastic reach to the overbought areas.

 

We remind you that the continuous stability of the current barrier will increase the chances of forming correctional bearish trades to target 4.5000 and 4.3700 levels, while surrendering to the positive pressures and rallying above the current barrier will open the way to resume the main bullish attack, expecting to move towards 4.8600 barrier initially.

 

The expected trading range for today is between 4.7000 and 4.5000

 

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price still confined – Forecast today – 29-3-2024
2024-03-29 06:16AM UTC
Natural Gas Price Forecast for Today - 29-3-2024 No news for natural gas price until this ...
Platinum Analysis

Commodities

Platinum price renews the positive action – Forecast today – 29-3-2024
2024-03-29 06:10AM UTC
Platinum Price Forecast for Today - 29-3-2024 Platinum price confirmed keeping the bullish ...
Copper Analysis

Commodities

Copper price gets the positive momentum – Forecast today – 29-3-2024
2024-03-29 06:09AM UTC
Copper Price Forecast for Today - 29-3-2024 Copper price repeated the positive stability ...