. Copper Futures Technical Prices Analysis: Weekly Chart

Commodities – Copper Futures Technical Analysis – Capital Street FX

13 Oct 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

TRADE SUGGESTION- SELL AT 3.4626, TAKE PROFIT AT 3.4000 AND STOP LOSS AT 3.5000