Copper Trend Today Technical Analysis for 04-12-2019 12:00:03
by wealthmann
December 4, 2019
6
In 1 hour chart Copper price continues to trade at 428.8 and below the (Exponential Moving Average)EMA200 value of 433.246 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 433.246 is proving a tough nut to crack.
Pivot (invalidation): 429.683