Copper Trend Today Technical Analysis for 02-12-2019 11:00:04


In 1 hour chart Copper price continues to trade at 434.5 and above the (Exponential Moving Average)EMA200 value of 434.027 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 434.027 is proving a tough nut to crack.

Pivot (invalidation): 429.4

Our preference: Long positions above 430.2

Alternative scenario: Below 428.15 look for further downside.

Support Resistance Levels For Copper Today at 02-12-2019 11:00:04

Pivot: 429.4

Resistance 1: 430.2

Resistance 2: 431.45

Resistance 3: 432.25

Support 1: 428.15

Support 2: 427.35

Support 3: 426.1

Yesterday High Low Close For Copper

Yesterday High: 430.65

Yesterday Low: 428.6

Yesterday Close: 428.95

Today at 02-12-2019 11:00:04 Copper trading at 434.5 with high of 434.8 and low of 433.7

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