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 upward channel until there is a trend reversal.

COPPER FUTURES Technical Analysis: Daily Chart

In the daily 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 4.6392 and the resistance level is at 4.8066

Copper futures is trading in an upward channel until there is a trend reversal.

How to trade Copper futures this week:

Copper futures is trading in an upward channel until there is a trend reversal. However, the following opportunity can be taken:

TRADE SUGGESTION: BUY AT 4.9182, TAKE PROFIT AT 5.0812 AND STOP-LOSS AT 4.7728