Technical Analysis For Copper Today 11-07-2019 20:00:04
by wealthmann
July 11, 2019
71
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