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.


U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
2025 Market Outlook: Key January Events to Watch
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
FxWirePro: EUR/AUD downward momentum remains in place
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro: USD/CNY bears maintain upper hand
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
FxWirePro- Major Pair levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/ZAR sell bias remains below key resistance zone
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 



