Technical Analysis – Copper futures capped by Ichimoku cloud and 50-day SMA enhancing negative outlook

Copper futures sellers are flirting with the 2.5280 support from August 5, looking for a push lower to the recent twenty-eight-month low of 2.4785, after returning the price back below the Ichimoku cloud. The short-term oscillators suggest negative momentum is strengthening. The MACD has declined into the negative region and beneath its red trigger line, […]