Copper Trend Today Technical Analysis for 02-12-2019 14:00:04


In 1 hour chart Copper price continues to trade at 434.5 and above the (Exponential Moving Average)EMA200 value of 434.042 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 434.042 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 14:00:04

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 14:00:04 Copper trading at 434.5 with high of 435 and low of 433.7

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.