MCX Copper prices moved higher on Friday after considering 60 days extension for China tariff deadline. On the daily chart, Copper price has given Rising Channel breakdown and sustained below it. On a weekly chart, price has moved below 38.2% Retracement levels, which shows further downtrend in the counter. Moreover, a momentum indicator RSI (14) has pulled down from overbought zone and also shown negative crossover. Hence, we expect bearish movement for the day.MCX Copper prices moved higher on Friday after considering 60 days extension for China tariff deadline. On the daily chart, Copper price has given Rising Channel breakdown and sustained below it. On a weekly chart, price has moved below 38.2% Retracement levels, which shows further downtrend in the counter. Moreover, a momentum indicator RSI (14) has pulled down from overbought zone and also shown negative crossover. Hence, we expect bearish movement for the day.







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