FxWirePro: Copper edges lower for 3rd straight session, eyes major trendline support at 2.68

Copper chart on Trading View used for analysis

• Copper edges lower for 3rd straight session, trades 0.74% lower on the day at 2.723 at the time of writing.
   
• Base metals under pressure from lingering concerns over the United States-China trade spat.
   
• Copper slips lower as prices under pressure on strong dollar.
   
• Stochs are RSI are sharply lower, MACD is on verge of bearish crossover on signal line.
   
• Price has broken into daily cloud and break below cloud base eyes major trendline support at 2.68.
   
• On the flipside, 5-DMA is immediate resistance at 2.7601. Bearish invalidation only above 110-EMA at 2.7919.

Support levels - 2.7100 (cloud base), 2.680 (major trendline), 2.663 (Nov 13, 14 low)

Resistance levels - 2.7600 (5-DMA), 2.7919 (110-EMA), 2.844 (Nov 20 high)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.