The price of COMEX Copper futures is down 2.33% at 3.6925 per pound on mid-Thursday trades. Copper prices further declined on Thursday. This makes copper prices on track for the biggest quarterly percentage fall since March 2020. The potential of a recession occurring coupled with the decline in demand...
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...
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...
COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading in a downward 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 below zero which indicates bearishness. The immediate support...
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 below zero which indicates bearishness. The immediate support...
The price of Chicago copper futures is down 1.46% at $4.3895 per pound on early-Thursday trades. Copper price surged last week after China launched a $120 billion credit line for mega infrastructure and Green Energy projects to stimulate the economy. Commodities, including copper, are at hovering at an all-time...
The price of Chicago Copper futures is up 3.74% at $4.4910 per pound on mid -Thursday trades. The lifting of COVID-19 restrictions in top metals consumer, China buoyed hopes of demand recovery, although a strong US dollar limited the upside. The resumption of work and production in Shanghai is...
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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