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...
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...
The price of COMEX copper futures is down 0.42% at $4.4380 per pound. It continues its negative momentum which rebounded briefly on Wednesday as China’s central bank announced that it will step up its support for the economy. The metal on Monday fell to its lowest in three months...
Chicago WTI Crude oil futures price is up 0.70% at $102.44 per barrel on early Wednesday trades. Oil prices were steady on Wednesday after Russia halted gas supplies to Bulgaria and Poland, although concerns about China’s COVID lockdowns weighing on economic growth and oil demand kept a lid on...
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...
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...
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...
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...
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...
Chicago WTI crude futures price is up 1.65% at $103.64 per barrel. Oil prices rose on Wednesday after witnessing a bearish session on Tuesday. The US and its allies threaten new sanctions on Russia over charges of war crimes in northern Ukraine, raising supply concerns. Elevated supply concern paired...