Copper : Technical View : 27.11.2019
Join Whatsapp 9841986753
Whatsapp Number : 91-9094047040 / 91-9841986753
On a four hourly chart, the price has shown
good recovery and closed with the gain of 0.48%
during the last session.
Moreover, the price has shifted above it’s Parabolic SAR, which confirms strength in the counter.
However, the price has sustained below the 50*20 day's EMA, which indicates control in the hands of the bears.
On the other hand, momentum indicator RSI(14) has retreated from the over sold levels , which may indicate bullish indication.
As per the above technical structure; we expect bullish move in the counter.
Moreover, the price has shifted above it’s Parabolic SAR, which confirms strength in the counter.
However, the price has sustained below the 50*20 day's EMA, which indicates control in the hands of the bears.
On the other hand, momentum indicator RSI(14) has retreated from the over sold levels , which may indicate bullish indication.
As per the above technical structure; we expect bullish move in the counter.