COPPER chart - Trading View
Technical Analysis: Bias Bearish
- Copper was trading 0.22% lower on the day at 4.5473 at around 13:00 GMT
- Price action is extending previous session's slump, more weakness on cards
- RSI shows bearish rollover from overbought levels
- 5-DMA has turned, the pair has slipped below 200H MA
- GMMA indicator has shown a bearish shift on the intraday charts
Support levels - 4.451 (21-EMA), 4.388 (20-DMA), 4.362 (55-EMA)
Resistance levels - 4.597 (200H MA), 4.643 (5-DMA), 4.809 (Upper BB)
Summary: Copper poised for more weakness. Dip till 21-EMA likely. Breach below to see more downside.
