Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- Copper was trading 1.20% lower on the day at 4.64 at around 13:00 GMT
- Price action has broken below 50-DMA and daily cloud support raising scope for further downside
- The pair is extending weakness for the 2nd straight session, closed 2.19% lower in the previous session
- RSI has slipped below 50 mark, bias is lower, MACD and ADX support weakness
- Price action has slipped below 200H MA and GMMA indicator has turned bearish on the intraday charts
Support levels - 4.550 (110-EMA), 4.433 (200-DMA)
Resistance levels - 4.699 (21-EMA), 4.716 (20-DMA)
Summary: Copper poised for further downside, scope for dip till 110-EMA at 4.550.


NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
JPY Action Bias: Bullish Pairs to Watch Out For
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 



