Archive for Tag: commodity market live price

Copper Technical Analysis

Copper Technical Analysis, Trade Signals and Price Forecast

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

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Chicago copper futures

Copper approaching 15-month low on recession fears

The price of COMEX Copper futures is down 2.67% at $3.8385 per pound on mid-Thursday trades. The price of copper has been declining since early June. It has witnessed only two bullish sessions since then. The policy tightening approach adopted by the Western leaders to fix the inflation mess...

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Copper futures

Copper retreats for the third consecutive day over fears of recession

The price of Copper futures at COMEX is down 0.61% at $4.2285 per pound on mid-Thursday trades. Although copper opened the week on a bullish note, gaining around 1.60% on Monday, the price fell on Tuesday and Wednesday, declining around 2.00%, erasing the gains of Monday. Copper COMEX futures...

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