Copper chart - Trading View
Copper is extending weakness for the 3rd straight session, intraday bias remains neutral.
The pair has failed to extend bounce from over 3-year lows, finds stiff resistance at 200H MA at 2.165.
Copper was trading 0.32% lower on the day at 2.161 at around 10:00 GMT, after closing 0.65% lower on Friday's trade.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) likely caps upside in the pair.
Major trend is strongly bearish and minor trend has again turned bearish on the GMMA indicator.
5-DMA is still biased higher. Breakout at 200H MA could see upside continuation. Test of 21-EMA 2.312 then likely.
On the flipside, rejection at 200H MA eyes immediate support at 88.6% Fib at 2.094 ahead of 1.970 (Mar 19 low).
Support levels - 2.094 (88.6% Fib), 1.970 (Mar 19 low)
Resistance levels - 2.165 (200H MA), 2.184 (5-DMA)


FxWirePro: GBP/AUD drifts lower after BOE rate decision
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Urban studies: Doing research when every city is different
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Wall Street Analysts Weigh in on Latest NFP Data
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
European Stocks Rally on Chinese Growth and Mining Merger Speculation
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
US Gas Market Poised for Supercycle: Bernstein Analysts
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 



