Copper chart - Trading View
Copper was trading 0.34% lower on the day at 2.300 as we head into the NY session.
Price action is extending declines for the 3rd straight session, scope for further weakness.
The pair is extending trade in a Rising Channel pattern and upside was capped at stiff resistance at 55-EMA.
Technical indicators have turned bearish raising scope for further weakness.
Breach below daily cloud will likely see a dip till channel base at 2.220. Violation there could plummet prices further.
On the flipside, 21-EMA is immediate resistance at 2.311. Retrace above will see gains till 55-EMA at 2.371.


FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
Bank of America Posts Strong Q4 2024 Results, Shares Rise
FxWirePro- Major European Indices
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
China’s Growth Faces Structural Challenges Amid Doubts Over Data
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: GBP/NZD range to extend until there is game changing news
Geopolitical Shocks That Could Reshape Financial Markets in 2025 



