Copper Trend Today Technical Analysis for 02-12-2019 16:00:05


In 1 hour chart Copper price continues to trade at 433.45 and below the (Exponential Moving Average)EMA200 value of 434.028 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy 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 434.028 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 16:00:05

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 16:00:05 Copper trading at 433.45 with high of 435 and low of 433.15

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