Thursday, November 14, 2019

Copper : Technical View : 15.11.2019

Copper : Technical View : 15.11.2019


* On the daily chart, the price slipped 0.56% in the last session.

* Moreover, the price has been trading below the Falling Trendline, which adds pressure in the
counter.

 * Furthermore, It has shifted below the 50*200 SMA’s, which signifies negative strength for
short term.

* Momentum indicators RSI(14) has been moving with negative crossover, which indicates
bearishness.

* With these technical analysis; we expect bearish move in the counter.