Copper Technical Analysis, Forecast and Trade Signals
17 Jun 2022
COPPER Technical Analysis: Weekly Chart
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
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: