Copper : Technical View : 18.11.2019
Join Whatsapp 9841986753
Whatsapp Number : 91-9094047040 / 91-9841986753
On the daily chart, the price closed flat -0.02% in the last session.
Moreover, the price has fallen after taking resistance of the Bollinger Band Median.
Furthermore, Momentum indicator MACD has shown a negative crossover and has breached
below the zero level which confirms weakness in the counter.
Momentum indicator RSI(14) has sustained below it’s 50 level, which confirms power to the
bears.
As per the above technical structure; we expect bearish move in the counter.
Moreover, the price has fallen after taking resistance of the Bollinger Band Median.
Furthermore, Momentum indicator MACD has shown a negative crossover and has breached
below the zero level which confirms weakness in the counter.
Momentum indicator RSI(14) has sustained below it’s 50 level, which confirms power to the
bears.
As per the above technical structure; we expect bearish move in the counter.