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COPPER chart - Trading View
Copper was extending previous session's bounce and was trading 0.16% higher on the day at 3.550 at around 11:30 GMT.
Price has held support at 21-EMA and we see further weakness only on break below.
Major trend for the pair remains bullish, minor weakness seen on account of bearish divergence on oscillators.
21-EMA is strong support at 3.493. Break below will see drag lower. Next major support lies at 55-EMA at 3.328.
Price action is slipping lower from multi-year highs at 3.642, upside remains capped at 5-DMA at 3.564.
