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.
* 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.