Commodity: Copper Price Technical Analysis, News and Trade Signals

Commodity: Copper Price Technical Analysis, News and Trade Signals

Copper Technical Analysis

COPPER Technical Analysis: Weekly Chart

Copper Price Technical Analysis

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

Copper Price Technical Analysis

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

About Author

Related posts

Copper Technical Analysis, Trade Signals and Market Updates

COPPER Technical Analysis: Weekly Chart In the weekly charts, COPPER is trading below its previous 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 below zero which indicates bearishness. The immediate...

Read More
NZDUSD Technical Analysis

Get Currency Pair NZDUSD Technical Analysis Chart and Market Updates

NZDUSD Technical Analysis: Weekly Chart In the weekly charts, NZDUSD was trading in a down channel. NZDUSD is currently trading below all SMA. RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate support is 0.6387 & the resistance level...

Read More

Leave a Reply