Copper chart - Trading View
Copper was trading 0.77% higher at 2.351 at around 09:00, after closing 1.93% lower in the previous session.
The pair has paused 2 straight sessions of weakness and is holding support at 21-EMA at 2.336.
Break below 21-EMA will see more weakness and a 'Bearish Divergence' on the Stochastics on daily charts adds to the bearish bias.
GMMA indicator shows major trend is neutral and minor trend has turned bearish. Stochs are on verge of rollover from overbought levels.
The pair trades in a 'Rising Channel' pattern and break below 21-EMA will see dip till channel base at 2.280. Breach at channel base will open downside.
On the flipside, decisive breakout above daily cloud will see the pair test new highs.


FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CAD slips after Fed holds rates steady
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Woodies pivot (Major) 



