Copper : Technical View : 11.12.2019
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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. Copper D
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. Copper D