COPPER Technical Analysis: Weekly Chart In the weekly 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...
The price of COMEX Copper futures is down 2.67% at $3.8385 per pound on mid-Thursday trades. The price of copper has been declining since early June. It has witnessed only two bullish sessions since then. The policy tightening approach adopted by the Western leaders to fix the inflation mess...
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