Copper Trend Today Technical Analysis for 16-01-2020 13:00:03

In 1 hour chart Copper price continues to trade at 443.25 and above the (Exponential Moving Average)EMA200 value of 441.027 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 441.027 is proving a tough nut to crack.

Pivot (invalidation): 441.733

Our preference: Long positions above 444.467

Alternative scenario: Below 439.317 look for further downside.

Support Resistance Levels For Copper Today at 16-01-2020 13:00:03

Pivot: 441.733

Resistance 1: 444.467

Resistance 2: 446.883

Resistance 3: 449.617

Support 1: 439.317

Support 2: 436.583

Support 3: 434.167

Yesterday High Low Close For Copper

Yesterday High: 444.15

Yesterday Low: 439

Yesterday Close: 442.05

Today at 16-01-2020 13:00:03 Copper trading at 443.25 with high of 443.6 and low of 442.6

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