Technical Analysis For Copper Today 16-07-2019 16:00:04

In 1 hour chart Copper price continues to trade at 445.7 and above the (Exponential Moving Average)EMA200 value of 436.08 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 436.08 is proving a tough nut to crack.

Pivot (invalidation): 444.933

Our preference: Long positions above 446.417

Alternative scenario: Below 443.767 look for further downside.

Support Resistance Levels For Copper Today at 16-07-2019 16:00:04

Pivot: 444.933

Resistance 1: 446.417

Resistance 2: 447.583

Resistance 3: 449.067

Support 1: 443.767

Support 2: 442.283

Support 3: 441.117

Yesterday High Low Close For Copper

Yesterday High: 446.1

Yesterday Low: 443.45

Yesterday Close: 445.25

Today at 16-07-2019 16:00:04 Copper trading at 445.7 with high of 446.85 and low of 443.65

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