Copper must decline– Analysis – 20-8-2019

Economies.com
2019-08-20 06:35AM UTC

Copper price will resume the suggested negative attack if it kept its negative stability below the resistance that is located at 2.6200, stochastic reach below 50 level reinforces the negative scenario by providing a new negative momentum, to keep waiting for the price reach to 2.5500 soon, then extending the trading towards 2.4660 to form the initial target of the bearish track.

 

The expected trading range for today is between 2.6200 and 2.4660

 

The expected trend for today: Bearish.

Commodities News

Gold 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 ...
Oil News

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 ...
Oil News

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

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$ ...
Technical Analysis

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, ...
Technical Analysis

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 ...