Copper price breaches the resistance – Analysis – 9-7-2020
Economies.com
2020-07-09 05:26AM UTC
Copper price confirmed its affection by the bullish bias domination after surpassing the bearish channel’s resistance at 2.8050, to settle within new bullish track and notice recording additional target at 2.8370.
Forming new support line at the breached resistance along with stochastic positive momentum allow us to suggest more bullish attempts to target 2.9000 followed by reaching 23.6% Fibonacci correction level at 2.9840.
The expected trading range for today is between 2.7960 and 2.9000
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
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 $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 30-04-2024
2024-04-30 17:48PM UTC
Crude oil price traded with strong negativity to succeed achieving our waited target at 81.50$ and ...
Commodities
Brent oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price still confined between the ...
Commodities
Crude oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows some bullish bias to ...