ATS Research Desk

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ATS Wealth Managers Pvt Ltd. Page 1. ATS Research Desk. Copper Trend for the Month of July. TECHNICAL REPORT. Page 2. AT
ATS Research Desk Copper Trend for the Month of July TECHNICAL REPORT

ATS Wealth Managers Pvt Ltd.

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Copper Price is consolidating at the level of 390. 390 is also a Fibonacci resistance level of 23.6%, which makes the copper trend sideways. Once the copper price closes above 390 levels, it will confirm copper trend to be strongly bullish.And the next level will be 415; this upcoming bullish trend can be confirmed with Bollinger bands on dailycharts. Copper has tested many times the upper resistance level and tried to break the upward Bollinger band level(Grey line).Expansion of Bollinger band with copper testing the upside gives a clear view about bullish trend confirmation and copper signaling an upward move in coming days. Moving Average Convergence and Divergence indicator has signaling above the zero line with the Crossover of bullish line (Orange line) with the Bearish line ( Black line) gives a positive sign confirming the above statement. Average Directional Index has also done a Cross over (Grey line over red line) which further confirms the Bullish trend. All the above factors give a clear view about copper bullish trend and testing level of 415 in the month of July. Research Analyst: AbhilashDhanpal Technical Research Analyst Disclaimer:This report is only for the information of our customers. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be constructed as an offer to buy or sell securities of any kind. ATS and/or its group companies do not as assume any responsibility or liability resulting from the use of such information

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