Copper chart - Trading View
Copper is extending weakness for the 3rd straight session, bias has turned bearish.
The pair was trading 1.04% lower on the day at 2.223 at around 07:10 GMT after closing 2.475 lower in the previous session.
Price action has slipped below 200H MA and technical indicators are turning bearish.
RSI is below 50 mark and biased lower. Stochs are showing a rollover from overbought levels.
Copper is extending retreat after rejection at major trendline resistance at 2.360. Scope for dip till trendline support at 2.162.
The pair is extending trade in a 'Symmetric Triangle' pattern and breakout will determine clear directional bias.
Support levels - 2.186 (23.6% Fib), 2.162 (trendline), 1.970 (Mar 19 low)
Resistance levels - 2.252 (Tenkan Sen), 2.279 (21-EMA), 2.340 (Trendline)


FxWirePro : GBP/NZD strongly bearish despite upside attempts
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
China's Refining Industry Faces Major Shakeup Amid Challenges
Urban studies: Doing research when every city is different
FxWirePro- Major Crypto levels and bias summary
Global Markets React to Strong U.S. Jobs Data and Rising Yields
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
FxWirePro- Major Pair levels and bias summary
Geopolitical Shocks That Could Reshape Financial Markets in 2025
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro- Major Crypto levels and bias summary
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro: AUD/USD dips below lower range, bearish bias increases 



