Copper Trend Today Technical Analysis for 05-11-2019 13:00:05


In 1 hour chart Copper price continues to trade at 442.45 and above the (Exponential Moving Average)EMA200 value of 439.02 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 439.02 is proving a tough nut to crack.

Pivot (invalidation): 440.8

Our preference: Long positions above 443.1

Alternative scenario: Below 439.6 look for further downside.

Support Resistance Levels For Copper Today at 05-11-2019 13:00:05

Pivot: 440.8

Resistance 1: 443.1

Resistance 2: 444.3

Resistance 3: 446.6

Support 1: 439.6

Support 2: 437.3

Support 3: 436.1

Yesterday High Low Close For Copper

Yesterday High: 442

Yesterday Low: 438.5

Yesterday Close: 441.9

Today at 05-11-2019 13:00:05 Copper trading at 442.45 with high of 442.65 and low of 440.85

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