MCX Copper Trend Update 1 Hour 07-08-2020 22:00:05 by SpiderSignals.com

MCX Copper 1 Hour Trend Update 07-08-2020 22:00:05 by Spider Signals Call Now 9389717003 / 6399968940

At 07-08-2020 22:00:05 MCX Copper trading at 511.85 with high of 512 and low of 511.65

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In 1 Hour MCX Copper Chart as per Spider Signals AI Trend we can see the trend is Bearish

The MCX Copper RSI (Relative strength index) 14 is trading at Range and value is 46.2

The MCX Copper CCI (Commodity Channel index) 14 is trading at Range and value is -129.5

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In 1 Hour chart MCX Copper price continues to trade at 511.85 and below the (Spider Signals AI Trend ) with value of 512.168 and keeps its stability below until now, while 1 Hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our view Bearish

However, if MCX Copper continues to trade below 512.168 level, that could be an extraordinarily Bearish sign for MCX Copper

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The expected trading range for MCX Copper today is between 511.667 support and 518.317 resistance.

Pivot (invalidation): 514.033

Today MCX Copper Support & Resistance Levels by Spider Signals

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MCX Copper Pivot / Support / ResistanceValues
MCX Copper Pivot 514.033
MCX Copper Support 1 511.667
MCX Copper Support 2 507.383
MCX Copper Support 3 505.017
MCX Copper Resistance 1 518.317
MCX Copper Resistance 2 520.683
MCX Copper Resistance 3 524.967

Today till now @ 07-08-2020 22:00:05 MCX Copper trading at 511.85 with high of 514 and low of 510.5

Yesterday MCX Copper Closed at 515.95 with low of 509.75 and High of 516.4

This report is published by www.spidersignals.com using AI & Deep learning analysis

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