COPPER chart - Trading View
Copper was trading 0.31% lower on the day at 3.7688 at around 07:10 GMT, after closing 0.21% higher on Thursday's trade.
Prices were extending range trade for the 2nd consecutive session and were grinding sideways along hourly cloud support.
The pair has tested major trendline resistance at 3.785 and break above is required for upside continuation.
Technical studies are bullishly aligned. But overbought oscillators could cause minor pullbacks.
Breach below hourly cloud could drag prices lower to test 3.645 (nearly converged 200H MA and 21-EMA).
