Copper : Technical View : 16.12.2019
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On the daily chart, the price faced pressure
and fell by 0.53% during the last session.
But, the price has been trading above its upward sloping trendline, which confirms bullish power in the counter.
Furthermore, the price has sustained above the 200 day's EMA, which indicates control in the hands of the bulls.
Additionally, Heikin Ashi candle of the counter has formed a series of strong green candles which signals positive momentum.
As per the above technical structure; we expect bullish move in the counter.
But, the price has been trading above its upward sloping trendline, which confirms bullish power in the counter.
Furthermore, the price has sustained above the 200 day's EMA, which indicates control in the hands of the bulls.
Additionally, Heikin Ashi candle of the counter has formed a series of strong green candles which signals positive momentum.
As per the above technical structure; we expect bullish move in the counter.