Technical Analysis For Copper Today 29-08-2019 22:00:04


In 1 hour chart Copper price continues to trade at 442.75 and below the (Exponential Moving Average)EMA200 value of 443.592 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Copper continues to trade below level, that could be an extraordinarily Bearish sign for Copper

Even so, the 200-candle Exponential moving average (EMA) price range of 443.592 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 22:00:04

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 22:00:04 Copper trading at 442.75 with high of 446.9 and low of 442

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