Technical Analysis For Copper Today 12-07-2019 19:00:03
by wealthmann
July 12, 2019
90
In 1 hour chart Copper price continues to trade at 441.15 and above the (Exponential Moving Average)EMA200 value of 433.501 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 433.501 is proving a tough nut to crack.
Pivot (invalidation): 440.9