Copper : Technical View : 25.11.2019
Join Whatsapp 9841986753
Whatsapp Number : 91-9094047040 / 91-9841986753
On the daily chart, the price closed on a
negative note and fell 0.07% in the last session.
However, the price has been trading below it’s Parabolic SAR, which confirms weakness in the counter.
Furthermore, the price has sustained below the 50*200 day's EMA which indicates control in the hands of the bears.
Momentum indicator RSI(14) fell decisively below the 50 level, which confirms bearishness.
As per the above technical structure; we expect bearish move in the counter.
However, the price has been trading below it’s Parabolic SAR, which confirms weakness in the counter.
Furthermore, the price has sustained below the 50*200 day's EMA which indicates control in the hands of the bears.
Momentum indicator RSI(14) fell decisively below the 50 level, which confirms bearishness.
As per the above technical structure; we expect bearish move in the counter.