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Copper chart - Trading View
Copper has bounced off Wedge base support and was extending upside.
Price action has broken above 5-DMA and is consolidating break above 20-DMA.
Stochastics have turned bullish and RSI is holding above 5-DMA supporting uptrend.
Analysis of GMMA indicator shows major trend is bullish and minor trend is turning bullish on the intraday charts.
The pair extends upside in rising Wedge pattern and bounce off Wedge base support rekindles bulls.
Scope for test of 3.00 mark. 21-EMA is strong support at 2.8680. Change in near-term trend only below daily cloud.
Support levels - 2.86 (5-DMA), 2.77 (55-EMA)
Resistance levels - 2.96 (Upper BB), 3.00 (Wedge top)
