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.


Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro: USD/CNY firms slightly, but downward resumption looks likely
FxWirePro: AUD/USD edges higher as US CPI looms large
FxWirePro- Major Pair levels and bias summary
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Global Markets React to Strong U.S. Jobs Data and Rising Yields
China's Refining Industry Faces Major Shakeup Amid Challenges
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Bank of America Posts Strong Q4 2024 Results, Shares Rise
FxWirePro: GBP/AUD consolidating around 1.8980, room for further gains
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro- Woodies Pivot
Energy Sector Outlook 2025: AI's Role and Market Dynamics
AUDJPY Coils in Tight Range: Bulls Eye Dips as 110 Support Sets the Stage for Breakout
China’s Growth Faces Structural Challenges Amid Doubts Over Data
JPY Major Currency Score: USDJPY Bullish; AUDJPY, NZDJPY, EURJPY, CADJPY, and CHFJPY Bearish
FxWirePro- Major Pair levels and bias summary 



