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Copper prices have come under heavy selling pressure today with the metal extending the correction lower away from the 4.1585 level. On the back of the more than 13% rally we’ve seen off the YTD lows, copper futures have stalled for now into the ...
Copper prices are beginning the week in a quieter fashion after the solid gains we saw last week. The market surged higher by more than 4% as weakness in the US Dollar helped lift demand. Prior to last week’s rally, copper prices had been under ...
The price of Bitcoin has closely approached the key resistance level of 49000. The asset’s price might either rebound from the resistance or break it through. Hence, it would be interesting to follow the candlestick formations next to this level to ...
Copper prices remain under pressure today, despite the lift in Chinese stocks on the back of weak China data overnight. CPI and PPI were both seen falling again in the world’s second largest economy last month. The data adds to fears that the ...
chart Currently, the price of gold is repeatedly testing the supporting zone formed between levels 22.00 and 22.30 and located next to the uptrend. The asset’s price might potentially rebound and rise. However, it would be wise to follow the ...
Copper prices are in the green today but are struggling to break back above local resistance on the back of weaker-than-forecast Chinese manufacturing data overnight. The Chinese manufacturing PMI for last month was seen falling back into negative ...
Gold prices are slipping on Monday, putting a pause on the more than 10% rally we’ve seen in gold over the last month. The selling comes despite news of Israel stepping up its invasion of Gaza this weekend through intensified land and air attacks. ...
Gold is heading down and gradually approaching the supporting zone formed between the levels 1900 and 1913. The asset might potentially rebound from this zone and jump to target the downtrend. So, let’s observe if it is going to happen. chart ...
The dollar rebounded on Thursday after several waves of sell-offs on Tuesday and Wednesday as US economic activity data released over the past two days pointed to potential negative momentum in the economy. Market sentiment was mainly influenced by ...
US indices closed Tuesday session on a bearish note as weak data on China's foreign trade sparked a minor turmoil in the market. However, the situation managed to turn around today; equity futures rebounded, taking away the dollar's potential for an ...
Yesterday saw a slew of PMI data sets out of the eurozone, UK and finally the US. The overriding tone to the day of data was negative, headlined by heavy misses on some eurozone and UK PMIs. However, US data was seen bucking the trend with the ...
Copper prices are fighting to get back above broken support today following a bounce off recent lows. Copper futures have been under heavy selling pressure over recent months amidst an uptick in USD strength linked to safe-haven demand around ...
A resurgence in hawkish Fed expectations for the June meeting and beyond has fuelled a sharp rally in USD over the last week. On the back of last week’s FOMC minutes, market pricing for a further hike in June has jumped to above 60%. This marks a ...
The metals complex has started the week with a positive tone as both gold and silver see decent demand across the European open on Monday. With USD continuing to hold within the narrow block of consolidation which has formed recently, and with ...
The metals complex has started the week with a bid tone as both gold and silver attempt to trade to the upside here. Relatively speaking, price actions remains fairly muted for now and with the US markets offline for the MLK holiday, flows are ...
Gold prices have started the week in demand with gold back in the green again last week’s rally. While prices are a little off last week’s highs for now, the near-term outlook remains geared towards further gains as equities markets come under ...
As we inch ever closer towards the end of the year, it seems that the market continues to lose momentum. The stagnation of the last fortnight is continuing this week with prices still hovering above the 1763.88 support level. However, there is a ...
The gold market has started the week on a neutral footing with price currently holding around the week’s opening price. For now, the market is sitting slightly lower against the highs printed last week around the 1871.04 level last week. The current ...
The current price action in gold is attracting my attention. The rally off the 1763.88 level has seen price breaking out above the bear channel top with price now sitting just shy of a test of the 1826.71 level. This is a key resistance level in ...
Type: Bearish Reversal Resistance: 1789.06 Support: 1776.287 Pivot: 1783.651 Preference: Prices are consolidating in a bearish channel. We see potential for dip from our Pivot at 1783.651 in line with 50% Fibonacci retracement and 38.2% Fibonacci ...