Copper : Technical View : 03.12.2019
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On a four hourly chart, the price has closed
with flat note during the last session.
Moreover, the price has pulled back from the lower Bollinger Band, which provides support to the counter.
Furthermore, the price has shifted above the horizontal trend line, which indicates control in the hands of the bulls.
On the other hand, momentum indicator RSI(14) has been moving with positive crossover, which may indicate bullish indication.
As per the above technical structure; we expect bullish move in the counter.
Moreover, the price has pulled back from the lower Bollinger Band, which provides support to the counter.
Furthermore, the price has shifted above the horizontal trend line, which indicates control in the hands of the bulls.
On the other hand, momentum indicator RSI(14) has been moving with positive crossover, which may indicate bullish indication.
As per the above technical structure; we expect bullish move in the counter.