Technical Analysis For Copper Today 29-08-2019 21:00:04


In 1 hour chart Copper price continues to trade at 445.25 and above the (Exponential Moving Average)EMA200 value of 443.601 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 443.601 is proving a tough nut to crack.

Pivot (invalidation): 442.25

Our preference: Long positions above 445.5

Alternative scenario: Below 440.15 look for further downside.

Support Resistance Levels For Copper Today at 29-08-2019 21:00:04

Pivot: 442.25

Resistance 1: 445.5

Resistance 2: 447.6

Resistance 3: 450.85

Support 1: 440.15

Support 2: 436.9

Support 3: 434.8

Yesterday High Low Close For Copper

Yesterday High: 444.35

Yesterday Low: 439

Yesterday Close: 443.4

Today at 29-08-2019 21:00:04 Copper trading at 445.25 with high of 446.9 and low of 442.15

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