Copper Technical Analysis, Trade Signals and Trading Tips

COPPER Technical Analysis: Weekly Chart

Copper Technical Analysis

In the weekly charts, COPPER is trading in an upward channel.

It is trading above all SMAs: MA (20), MA (50), and MA (100).

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

The immediate support is at 4.1535 and the resistance level is at 4.6220

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, COPEPR is trading above its previous upward channel.

It is trading above all SMAs: MA (20), MA (50), and MA (100).

RSI is in buying zone which indicates bullishness. MACD is currently trading above zero which indicates bullishness.

The immediate support is at 4.4180 and the resistance level is at 4.6160

COPPER is trading outside and above its previous 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: BUY AT 4.6360, TAKE PROFIT AT 4.9250, AND STOP-LOSS AT 4.4295

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