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...
Chicago copper futures price, is up 0.05% at $4.4300 per pound on mid-Wednesday trades. Copper prices gained recently as the Fed took the possibility of a 75-basis points rate hike off the table, and PBOC, the Chinese central bank, pledged to support the economy to counter pandemic woes. The...
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...
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...
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...