Commodity: Copper Technical Analysis, News & Trade Signals

Copper Technical Analysis

COPPER Technical Analysis: Weekly Chart

Copper Technical Analysis

In the weekly charts, COPPER is trading in an upward channel.

It is trading below MA (5) but above MA (20) and MA (50).

The immediate support is at 4.5248 and the resistance level is at 4.8486

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

COPPER Technical Analysis: Daily Chart

Copper Technical Analysis

In the daily charts, COPPER is trading in an upward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 4.6425 and the resistance level is at 4.7989

COPPER is trading in an 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 AT 4.4138, TAKE PROFIT AT 4.7244 AND STOP LOSS AT 4.1849

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