Archive for Tag: commodity futures prices

Copper Technical Analysis

Commodity: Copper Price Technical Analysis, News and Trading Signals

COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading in an upward channel. It is trading below MA (20) and MA (50) but above MA (100). RSI is in selling zone which indicates bearishness. MACD is trading above zero which indicates bullishness. The immediate support is...

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wheat futures price

Wheat poise to rise for the third straight month on supply constraints

Chicago wheat futures price is down 0.12% at $10.6 per bushel on mid-Friday trades. Wheat opened this week on a bearish note and continued trading within a range. It is poised for a third straight monthly gain as tightening global supplies after Russia’s invasion of Ukraine underpinned prices. The...

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Copper Technical Analysis

Commodity: Copper Price Technical Analysis, News and Trade Signals

COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading in an upward channel. It is trading below MA (20) and MA (50) but above MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading above zero which indicates bullishness. The immediate support...

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Copper Technical Analysis

Commodity: Copper Technical Analysis, News & Trade Signals

COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading in an upward channel. It is trading below MA (5) but above MA (20) and MA (50). The immediate support is at 4.5248 and the resistance level is at 4.8486 COPPER is trading in an upward channel...

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price of copper futures

Copper bounces back as production complication threatens supply

The price of copper futures, on COMEX, is up 0.43% at $4.6720 per pound on Thursday. Copper prices bounced back on Thursday, after declining on Thursday, as a spate of production problems threaten to cut supply. Also boosting metals was a weaker dollar, pushing greenback-denominated metals higher as it...

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market outlook

Soaring wheat prices induce a new global food crisis

Chicago Wheat futures price is down 1.53%, closing at $11 per bushel. The Food and Agricultural Organization (FAO), a United Nations agency, recently announced its Food and Price Index, which tracks monthly change in the international prices of a “basket of commonly-traded commodities,” witnessed the highest increase in March...

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Copper Technical Analysis

Commodity: Copper Technical Analysis, News & Trade Signals

COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading in an upward channel. It is trading above all SMAs: MA (5), MA (20), and MA (50). The immediate support is 4.4512 and the resistance level is at 4.8248 COPPER is trading in an upward channel until...

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copper futures price

Copper prices remain muted amid the supply shortage crisis

The copper futures price is up 0.24% at $4.7235 per pound on COMEX. According to analysts, copper price is expected to soar due to low global inventories and the Russia-Ukraine conflict. Goldman Sachs, on Thursday, released a report pointing out “an extreme fundamental turn” for the first time in...

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GOLD Technical Analysis

GOLD Technical Analysis

GOLD Technical Analysis: Weekly Chart In the weekly chart, GOLD is trading above its previous upward channel. It is trading below MA (5) but above MA (20) and MA (50). The immediate support is 1878 and the resistance level is at 1968. GOLD is trading above its previous upward...

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