COPPER chart on Trading View used for analysis
- Copper is extending weakness and is on track to close in the red for the 3rd straight week.
- Failure on mutiple attempts to break above 110-EMA have raised scope for further weakness.
- Technical indicators on daily charts have turned bearish with 5-DMA now sloping downward.
- Stochs and RSI on the daily charts are also biased lower and MACD now shows bearish crossover on signal line.
- Price has slipped below 55-EMA and we see scope for dip till 2.6065 (200W SMA).
- 20W SMA is stiff resistance on the upside and we see bullish resumption only on breakout above.
Support levels - 2.707 (Sept 20 low), 2.6065 (200W SMA)
Resistance levels - 2.7651 (5-DMA), 2.8268 (20W SMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro- Major Crypto levels and bias summary
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro- Woodies Pivot(Major)
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration 



