Commodity: Copper Price Technical Analysis, News and Trading Signals

Commodity: Copper Price Technical Analysis, News and Trading 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 trading above zero which indicates bullishness.

The immediate support is at 4.1138 and the resistance level is at 4.6820

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 in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

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

The immediate support is at 4.2286 and the resistance level is at 4.4018

COPPER is trading in a downward 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. If the trend reverses, the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 4.0525, TAKE PROFIT AT 3.6150, AND STOP-LOSS AT 4.3672

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