Archive for Tag: commodity news

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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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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WTI crude oil futures price

Oil prices soared, raising supply concerns

On Monday’s trade, the Chicago WTI crude oil futures price is up 1.60% at $102.21 per barrel. Oil prices continued to surge on Wednesday as Moscow declared that the peace talk with Ukraine had hit a dead end, intensifying supply worries. A limited downside is seen in crude oil...

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copper technical analysis

COPPER FUTURES TECHNICAL ANALYSIS & TRADE SIGNALS

COPPER FUTURES Technical Analysis: Weekly Chart In the weekly charts, Copper futures is trading in an upward channel. It is trading above all SMAs: MA (5), MA (20), and MA (50). The immediate support is 4.5886 and the resistance level is at 4.9146 Copper futures is trading in an...

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