Copper Futures Technical Analysis – 08 September 2022
08 Sep 2022
Copper Futures Technical Analysis: Weekly Chart
In the weekly charts, Copper Futures is trading in a down channel. Copper Futures 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 3.380 & the resistance level is at 3.500
Copper Futures will trade in a down channel until there is a trend reversal.
Copper Futures Technical Analysis: Daily Chart
In the daily charts, Copper Futures is trading in a down channel. Copper Futures is currently trading below all SMA except MA (5).
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 3.400 & the resistance level is at 3.490
Copper Futures will trade in a down channel until there is a trend reversal.
How to Trade Copper Futures this Week:
Copper Futures will follow the downtrend until its trend reversal. So, remain bearish on Copper Futures