Copper chart - Trading View
Copper was trading 1.25% higher on the day at 2.359 at around 11:30 GMT.
Price is extending upside for the 3rd straight session, bias is turning bullish.
The pair is extending upside in a 'Rising Channel' pattern and has bounced off 20-DMA support.
Technical indicators are supporting gains. RSI is above 50 and biased higher. Momentum with the bulls.
The pair has broken above 50-DMA and is testing 55-EMA resistance. Price action is above 200H MA.
Volatility is rising on the intraday charts, scope for further upside. 55-EMA is immediate resistance at 2.370.
Next major hurdle above 55-EMA aligns at 50% Fib at 2.427 ahead of channel top at 2.480.
20-DMA is strong support at 2.318. Break below will negate any bullish bias.


FxWirePro: GBP/NZD outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
AUDJPY Powers Above 109 – Yen Weakness Fuels Aussie Bulls
FxWirePro: USD/CAD attracts selling interest, vulnerable to more downside
USD/CHF Breaks Out: Bullish Surge Past 0.7800 Fuels Fresh Upside Momentum
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: AUD/USD remains buoyant, looks to extend gains
FxWirePro: GBP/AUD extends losses after RBA rate hike
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Stock Futures Dip as Investors Await Key Payrolls Data
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 



