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 above zero which indicates bullishness.

The immediate support is at 4.2656 and the resistance level is at 4.7788

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

COPPER Technical Analysis: Daily Chart

In the daily charts, COPPER is trading below its previous upward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (50).

RSI is in selling zone which indicates bearishness. MACD is below zero which indicates bearishness.

The immediate support is at 4.3256 and the resistance level is at 4.5168

COPPER is trading outside and below its previous upward channel until there is a trend reversal.

How to trade COPPER this week:

COPPER is trading in an upward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: BUY TA 4.3632, TAKE PROFIT AT 4.9174 AND STOP LOSS AT 4.0294