Copper ends sideways trading

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


Despite piercing the support of the lower trend line of the channel up pattern and the November and December low levels, the price for copper recovered during the same session on December 15. Afterwards, the price started to find support in the channel pattern, before starting a surge. The following surge tested the November high zone for half-a-month. On January 12, the high level zone was passed. On January 15, the previous resistance was providing support.

In theory, the price should surge. A potential surge of the commodity would face resistance in round price levels as the 4.6000 and 4.7000, before the price reaches the October high levels above the 4.8000 mark. Above these levels, note the 2021 high level at 4.8900.

On the other hand, a decline would have to pass the November high level zone at 4.4913/4.5140. Below the zone, the price could find support in the combination of the 50 and 200-day simple moving averages near 4.3700. Further below, the lower trend line of the channel up pattern, which has guided the rate since June.
Back to articles

Actual Topics

Fri, 14 Jan 2022 09:51:23 GMT

Ethereum faces resistance

Since the last review, the price for Ethereum has broken the wide channel up pattern that guided the price since June. The breaking was followed by a decline below the December and mid-October low level zone at 3,383.00/3,500.00. In early January, the pair passed the support of the zone and the 200-day simple moving average and declined to the

Thu, 13 Jan 2022 12:27:27 GMT

China A50 index breaks pattern

At the start of 2022, the China A50 stock index broke the channel up pattern, which guided it since late August. The breaking of the pattern occurred due to resistance of the 16,500.00 mark. This level acted as resistance and support both in 2020 and 2021. A continuation of the decline of the index might aim at the 2019

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.