- Copper extends slump for 3rd consecutive session, trades 1.51% lower on the day.
- Technical indicators have turned bearish on daily charts, downside now eyes immediate support at 50-DMA at 2.9094.
- Violation at 50-DMA would then see test of 200-DMA at 2.6860.
- RSI and Stochs are on verge of rollover from overbought levels on the weekly charts, confirmation of which would see further downside.
- On the flipside, 1H 50-SMA at 3.0026 is immediate resistance. Break above could see minor upside till 3.0134 (W 5-SMA).
Call update: Our previous call (http://www.econotimes.com/FxWirePro-Copper-extends-correction-from-multi-year-highs-at-3176-breaks-20-DMA-support-bias-lower-897308) is progressing well.
Recommendation: Bias lower, stay short.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CNY slips as strong China exports data Lift yuan
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro- Woodies pivot (Major)
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro: GBP/AUD eases slightly, focus on near-term support
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro- Woodies pivot (Major)
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts 



