- Copper has shown a decisive break above strong trendline resistance at 3.235.
- Technical studies are bullish, we see scope for further upside.
- RSI and Stochs are biased higher and MACD has shown a bullish crossover on signal line.
- We see +ve DMI dominance and ADX is also rising which supports trend higher.
- Next immediate resistance lies at 3.289 (Jan 15 high) ahead of 3.320 (Dec 28 high) and then 3.430 (113% Fib extension of 2.472 to 3.320 rally).
- On the flipside, strong support seen at 20-DMA at 3.176, breach there could see bullish invalidation.
Support levels - 3.197 (5-DMA), 3.176 (20-DMA), 3.024 (Feb 9 low)
Resistance levels - 3.289 (Jan 15 high), 3.320 (Dec 28 high), 3.430 (113% Fib extension of 2.472 to 3.320 rally)
Recommendation: Good to go long on dips around 3.240, SL: 3.175, TP: 3.290/ 3.320/ 3.40/ 3.430
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Solana at a Crossroads: Triple Bottom Support Offers Lifeline for SOL Bulls
FxWirePro- Major European Indices
FxWirePro: USD/CNY edges lower, set to stay on back foot
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
Yen Under Siege: NZDJPY Bulls Eye 96.00 Amid Broad Japanese Weakness
FxWirePro: GBP/USD recovers from early dip but upside is limited
FxWirePro: USD/ZAR recovers some ground but upside is limited
FxWirePro: GBP/NZD slips amid prolonged geopolitical uncertainty
FxWirePro: GBP/NZD bears gain momentum awaiting Mideast Geopolitical clarity
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: NZD/USD firms as Q1 NZ CPI runs hotter than expected
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD dips below lower range, bearish bias increases 



