Copper : Technical View : 22.11.2019
Join Whatsapp 9841986753
Whatsapp Number : 91-9094047040 / 91-9841986753
On the daily chart, the price closed negatively
0.72% in the last session.
However, the price has been trading below it’s Ichimoku Cloud, which confirms pressure in the counter.
Furthermore, the price has sustained below the 20*50 day's EMA and also it has been moving below the Parabolic Sar, which confirms bearishness in Copper.
Momentum indicator RSI(14) has slipped below the 50 level, which confirms negativity.
As per the above technical structure; we expect bearish move in the counter.
However, the price has been trading below it’s Ichimoku Cloud, which confirms pressure in the counter.
Furthermore, the price has sustained below the 20*50 day's EMA and also it has been moving below the Parabolic Sar, which confirms bearishness in Copper.
Momentum indicator RSI(14) has slipped below the 50 level, which confirms negativity.
As per the above technical structure; we expect bearish move in the counter.