Copper Technical Analysis, Trade Signals and Trading Tips

copper technical analysis

COPPER Technical Analysis: Weekly Chart

Copper Technical Analysis

In the weekly charts, COPPER is trading in an upward 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 level is at 4.0525 and the resistance level is at 4.5825

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 MA (20) but below 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 level is at 4.3025 and the resistance level is at 4.4705

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 and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 4.1290, TAKE PROFIT AT 3.7995, AND STOP-LOSS AT 4.3365

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