. LATEST NEWS- COPPER PRICE PREDICATION AND FUTURE

LATEST NEWS- COPPER PRICE PREDICTION AND FUTURE TECHNICAL ANALYSIS- 28 DEC 2022

LATEST NEWS- COPPER PRICE PREDICTION AND FUTURE TECHNICAL ANALYSIS- 28 DEC 2022

Copper Technical Analysis

Copper Futures Technical Analysis: Weekly Chart

In the weekly charts, Copper Futures was trading in a down channel. Copper Futures is currently trading above all SMA except MA (50).

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

Its immediate support is 3.600 & the resistance level is at 4.000

Copper Futures was traded in a down channel before there is an upside breakout. 

Copper Futures Technical Analysis: Daily Chart

In the daily charts, Copper Futures is trading in an up channel. Copper Futures is currently trading above all SMA.

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

Its immediate support is 3.600 & the resistance level is at 4.000

Copper Futures will trade in an up channel until there is a trend reversal.   

How to Trade Copper Futures this Week:

Copper Futures will follow the uptrend until its trend reversal. So, remain bullish on Copper Futures

TRADE SUGGESTION- BUY AT 3.803, TAKE PROFIT AT 4.000 AND STOP LOSS AT 3.6000

About Author

Related posts

gold price news

Gold Reclaims $1,920 Level Amid Market Indecision – 16 March 2023

As US rates lose momentum, gold remains above $1,920. Fundamental Overview Gold has regained its traction and climbed above $1,920 during the European trading hours on Thursday. The benchmark 10-year

Read More
EURUSD PAIR

EUR/USD: LATEST MARKET UPDATE AND TECHNICAL ANALYSIS – 15 MARCH 2023

Ahead of the UK budget, the GBP/USD currency pair declines below the 1.2100 barrier Fundamental Overview GBP/USD is being pulled away from the one-month high it reached on Tuesday due

Read More

Leave a Reply