- Copper is trading in a narrow range, with a day's high at 3.070 and low at 3.052.
- Daily cloud offers strong support on the downside and we see weakness only on break below.
- Copper is trading in a rising channel and technical studies support upside.
- RSI is strong above 50 and biased north, and we see a bullish MACD line crossover on signal line.
- Stochs are rising but at overbought levels, so some caution advised. We suggest trades with tight stop loss.
- Next bull target lies at 3.176 (Sept 5th high), while 5-DMA at 3.040 is next major support below cloud top.
Support levels - 3.0472 (cloud top), 3.040 (5-DMA), 2.972 (20-DMA)
Resistance levels - 3.082 (Sept 11 high), 3.176 (Sept 5 high), 3.20, 3.235 (channel top)
Recommendation: Good to go long on dips around 3.050, SL: 3.0, TP: 3.080/ 3.10/ 3.175
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
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
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro: USD/CAD eases slightly but trend is still bullish
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: NZD/USD retreats as Middle East instability weighs
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts 



