Technical Analysis For Copper Today 11-07-2019 20:00:04
In 1 hour chart Copper price continues to trade at 440.65 and above the (Exponential Moving Average)EMA200 value of 432.156 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Buy overview conditioned by the price stability above
However, if Copper continues to trade above level, that could be an extraordinarily Bullish sign for Copper
Even so, the 200-candle Exponential moving average (EMA) price range of 432.156 is proving a tough nut to crack.
Pivot (invalidation): 439.683
Our preference: Long positions above 445.567
Alternative scenario: Below 436.467 look for further downside.
Support Resistance Levels For Copper Today at 11-07-2019 20:00:04
Pivot: 439.683
Resistance 1: 445.567
Resistance 2: 448.783
Resistance 3: 454.667
Support 1: 436.467
Support 2: 430.583
Support 3: 427.367
Yesterday High Low Close For Copper
Yesterday High: 442.9
Yesterday Low: 433.8
Yesterday Close: 442.35
Today at 11-07-2019 20:00:04 Copper trading at 440.65 with high of 442.15 and low of 439.15
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