The May
contract for copper on the daily chart has found a good resistance at the
214.91 level. If the price breaks that level to the upside, then the bullish
momentum may accelerate. The MACD indicator is showing a bullish trend, but it
is losing strength, probably because of the resistance where the price is at
the moment. To the downside, the 200.00 level could act as support in case of a
bearish retracement.
Very useful information! Thanks.
ReplyDeleteThank you for the analysis i'll keep an eye.
ReplyDeleteVery helpful analysis, thanks.
ReplyDeleteVery informative, thank you!
ReplyDeleteVery useful analysis.
ReplyDeleteHelpful article.
ReplyDeleteVery accurate analysis!
ReplyDelete