- Copper has hit fresh 3-year highs at 2.984 before edging lower to currently trade at 2.970.
- It has completed the 'Cup & Saucer' pattern raising scope for further upside.
- Strong resistance at 2.496 has been breached and we see extension of bullish trend.
- Technical indicators on weekly charts also support upside. RSI above 50 and biased higher. MACD also supports uptrend.
- 200-DMA at 2.90 is strong support, break below could see minor weakness.
Support levels - 2.946 (trendline), 2.9310 (5-DMA), 2.9002 (20-DMA), 2.9158 (weekly 5-SMA)
Resistance levels - 3.0, 3.335 (61.8% Fib of 4.20 to 1.936 fall)
Recommendation: Good to go long on dips, SL: 2.90, TP: 3.00/ 3.069/ 3.115


BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro-Major European Indices
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Major Pair levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 



