Technical Analysis For Copper Today 12-07-2019 13:00:03


In 1 hour chart Copper price continues to trade at 443 and above the (Exponential Moving Average)EMA200 value of 432.922 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy 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 432.922 is proving a tough nut to crack.

Pivot (invalidation): 440.9

Our preference: Long positions above 442.65

Alternative scenario: Below 439.65 look for further downside.

Support Resistance Levels For Copper Today at 12-07-2019 13:00:03

Pivot: 440.9

Resistance 1: 442.65

Resistance 2: 443.9

Resistance 3: 445.65

Support 1: 439.65

Support 2: 437.9

Support 3: 436.65

Yesterday High Low Close For Copper

Yesterday High: 442.15

Yesterday Low: 439.15

Yesterday Close: 441.4

Today at 12-07-2019 13:00:03 Copper trading at 443 with high of 443.6 and low of 441.6

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