. Copper Technical Analysis, Forecast and Trade Signals - CSFX

Copper Technical Analysis, Forecast and Trade Signals

17 Jun 2022

COPPER Technical Analysis: Weekly Chart

Copper Technical Analysis

In the weekly charts, COPPER is trading in a downward channel.

It is trading below MA (20) and MA (50) but above MA (100).

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

The immediate support is at 4.0202 and the resistance level is at 4.4725

COPPER is trading in a downward channel until there is a trend reversal.

COPPER Technical Analysis: Daily Chart

Copper 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 4.0315 and the resistance level is at 4.1795

COPPER is trading in a downward channel until there is a trend reversal.

How to trade COPPER this week:

COPPER is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 3.9815, TAKE PROFIT AT 3.6890, AND STOP-LOSS AT 4.1690