Copper descends in channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The previous review of the price for copper was done on April 29. At the time, the top piece of information was the breaking of the large scale channel up pattern, which had guided the rate up since mid-2021.

Since the event, in May, the price dipped and found support in the 4.00 mark, retraced to the lower trend line of the channel and confirmed it as resistance. Afterwards, a sharp decline occurred until mid-July, when the commodity found support in the 3.00/3.15 range. By bouncing off the support zone, the price revealed that it has been declining in a channel pattern since April. Since the finding of support, copper has been recovering in the borders of the channel and could soon reach the resistance of the pattern and the 50-day simple moving average near 3.65.

If the combination of the 50-day SMA and the upper trend line of the channel act as resistance, the price would most likely once again look for support in the 3.00/3.15 zone. Further below, note the lower trend of the pattern, which is crossing the 2.50/3.00 range.

On the other hand, a move above the SMA and the trend line could encounter resistance in the 3.94/4.00 zone, which had been acting as support since March 2021 up to mid-June of 2022.
Back to articles

Actual Topics

Fri, 05 Aug 2022 11:58:17 GMT

French stocks break resistance line

Since the last review of top 40 French stock index review done in mid-April, the index has bounced off the trend line, which connected 2022 lower and lower high levels, and reached the support zone at 5,700.00/5,800.00. The support zone was enough to cause a broad surge that eventually broke the declining trend line. The breaking of the resistance line

Tue, 02 Aug 2022 15:18:00 GMT

US Small Cap stock recovery approaches 1,900.00

Since finding support in the 1,650.00 mark in mid-June, the top 2000 US small market capitalization stock index has been recovering. However, the recovery encountered some resistance in the form of the 50-day simple moving average near 1,770.00/1,800.00. At the start of August trading, the index was approaching the 1,900.00 mark. A move of the price above 1,900.00 might encounter resistance

Subscribe to "Fundamental Analysis" feed

تسجيل
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال
للمزيد من المعلومات حول منصة تداول الفوركس\الخيارات الثنائية, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول منصة تداول العملات المشفرة\عقود الفروقات\الفوركس, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات عن الوسطاء المعرفين واي معلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال