COPPER chart - Trading View
Copper was extending weakness for the 3rd straight session, trades 1.77% lower on the day at 4.144 at around 14:25 GMT.
Prices slumped to their lowest in nearly two months on Wednesday, more weakness on cards.
The recent slew of weak economic data from China is not supportive as it reinforced demand fears.
Technical bias for the pair has also turned bearish. Stochs and RSI are sharply lower. MACD and ADX support downside.
Volatility is high and rising and combined with the strong bearish momentum could drive more weakness.
Next major support on the downside lies at 200-DMA at 4.037. Break below will plummet prices.
On the flipside, 110-EMA at 4.260 is immediate resistance. Bearish invalidation only above daily cloud.


FxWirePro- Major Pair levels and bias summary
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/USD dips lower on negative UK retail sales data
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/AUD loses momentum but bullish setup remains 



