Copper : Technical View : 04.12.2019
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On the daily chart, the price has slipped 0.82%
during the last session.
Moreover, the price has shifted below the horizontal trend line, which confirms bearish strength in the counter.
Furthermore, the price has sustained below the 50*20 day's SMA, which indicates control in the hands of the beers.
On the other hand, momentum indicator RSI(14) has been moving below the level 50, which may indicate bearish indication.
As per the above technical structure; we expect bearish move in the counter.
Moreover, the price has shifted below the horizontal trend line, which confirms bearish strength in the counter.
Furthermore, the price has sustained below the 50*20 day's SMA, which indicates control in the hands of the beers.
On the other hand, momentum indicator RSI(14) has been moving below the level 50, which may indicate bearish indication.
As per the above technical structure; we expect bearish move in the counter.