Copper price continues to decline – Analysis – 23-1-2020

Economies.com
2020-01-23 07:30AM UTC

Copper price faced additional negative pressures yesterday to renew the bearish attempts and approach the moving average 55 at 2.7200, also, stochastic continues to provide negative momentum signals to increase the chances of moving towards the bullish channel’s support line at 2.6950 to form the main target.

 

The expected trading range for today is between 2.8000 and 2.7000

 

The expected trend for today: Bearish

Commodities News

Oil News

Commodities

Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Gold News

Commodities

Gold prices edge away from record highs
2024-04-17 18:26PM UTC
Gold prices fell on Wednesday even as the dollar lost ground against most major rivals, with ...
Oil News

Commodities

Oil prices plumb two-week lows as concerns about Iran-Israel war fade
2024-04-17 15:23PM UTC
Oil prices fell in American trade on Wednesday, extending losses for the second straight day and ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

No change for natural gas price – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price is still affected by ...
Platinum Analysis

Commodities

Platinum price resumes the negative correction – Forecast today – 18-4-2024
2024-04-18 05:31AM UTC
Platinum Price Analysis Expected Scenario Platinum price faced new negative pressures, ...
Copper Analysis

Commodities

No news for copper price – Forecast today – 18-4-2024
2024-04-18 05:30AM UTC
Copper Price Analysis Expected Scenario The copper price remains in sideways trades due ...