COPPER chart - Trading View
Copper bulls stay unstoppable, drive copper prices to record highs above $4.70.
The pair was trading 2.31% higher on the day at 4.7125 at around 10:15 GMT after closing 2.06% higher in the previous session.
Copper bulls ignore the reports that Chinese copper imports have fallen nearly 13% in April and remained supported by a broadly weaker US dollar.
Momentum is bullish. Stochs and RSI are biased higher. That said, overbought conditions warrant some caution.
Pullbacks cannot be ruled out, but retrace is likely to be shallow as major trend remains strongly bullish.
Copper prices are up almost 34% so far this year. Scope for test of $5 mark. 5-DMA is immediate support at 4.580. Major weakness only below daily cloud.


FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro- Woodies Pivot(Major)
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro-Major European Indices
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD loses momentum but bullish setup remains
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level 



