Monday, December 9, 2019

Copper : Technical View : 10.12.2019

Copper : Technical View : 10.12.2019

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On the daily chart, the price has gained 0.03% during the last session.

Moreover, the price has shifted above the horizontal trend line, which confirms bullish strength in the counter.

Furthermore, the price has shifted above the 50*20 day's SMA, which indicates control in the hands of the bulls.

On the other hand, momentum indicator RSI(14) has been moving above the level 50, which may indicate bullish indication.

As per the above technical structure; we expect bullish move in the counter.