COPPER chart - Courtesy Trading View
Technical Analysis: Bias Neutral
GMMA Indicator
- Long and short term moving averages are flat and show a neutral bias
Ichimoku Analysis
- Price action has paused downside at daily cloud support
- Chikou span is biased higher at the time of writing
Oscillators
- Stochs are at oversold levels with scope for bullish rollover
- RSI is flat around 47 levels
Bollinger Bands
- Bollinger bands are wide and show high volatility
Major Support Levels: 4.292 (200-DMA), 4.212 (Cloud base)
Major Resistance Levels: 4.368 (55-EMA), 4.389 (21-EMA)
Summary: Copper trades with a neutral bias. Price action is set to extend sideways grind along 200-DMA support.
