COPPER chart - Trading View
Copper price action has slipped below 21-EMA, scope for further downside.
The pair is trading 1.19% lower on the day at 3.978 at around 10:35 GMT.
Formation of a Gravestone Doji on the previous session's candle adds to the bearish bias.
RSI has slipped below the 50 mark and is biased lower, supporting downside in the pair.
Analysis of GMMA indicator shows bearish shift in major and minor trend on the intraday charts.
Recovery attempts in the pair are capped below 200H MA. The pair is on track to test 50-DMA at 3.883.
On the flipside, 21-EMA has now turned resistance at 4.046. Retrace above will negate any bearish bias.


FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: USD/CAD dips below lower range, bearish bias increases
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD extends fall, vulnerable to more downside 



