| Indicator | Value | Signal |
| RSI | Buy | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
On the daily timeframe #C-COPPER: D1 is falling below the 200-day moving average MA(200), which is falling itself. We believe the bearish momentum will continue as the price breaches below the lower Donchian boundary at 1.9717. A pending order to sell can be placed below that level. The stop loss can be placed above 2.3492. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis
Industrial production fell year to date in China. Will the COPPER continue falling?