Commodity: Copper Technical Analysis, News & Trade Signals

Copper Technical Analysis

COPPER Technical Analysis: Weekly Chart

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

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

The immediate support is 4.4512 and the resistance level is at 4.8248

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 above all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 4.6404 and the resistance level is at 4.7606

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. If the price moves up further, the following opportunity can be taken:

TRADE SUGGESTION: BUY AT 4.8102, TAKE PROFIT AT 5.0314 AND STOP-LOSS AT 4.6362

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