COPPER chart - Trading View
Copper halts a 5-day bullish streak, trades 0.57% lower on the day at 4.56 at around 10:40 GMT.
Commodity markets struggle to cheer China’s deemed restrictions on steel exports to propel industrial profits.
Chinese authorities are inching closer to export limits of the metals after witnessing a fourth consecutive month of declining Industrial Profits.
Fears of economic recovery amid rising cases of the Delta covid variant also keep sentiment depressed.
Focus will be on US Durable Goods Orders and Consumer Confidence data for impetus. Any softer figures may help the Fed to reject tapering concerns, putting a bid under the commodities.
Copper has shown a decisive break above daily cloud, raising scope for further upside.
Price are consolidating cloud breakout, retrace below will negate any further bullishness.


FxWirePro- Major Pair levels and bias summary
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro- Woodies pivot (Major) 



