COPPER chart - Trading View
LME copper prices have paused pullback as 21-EMA support, further weakness only on break below.
Copper was trading 0.12% higher on the day at 4.017 at around 05:25 GMT, after closing 1.51% lower in the previous session.
Price action is correcting lower from record highs at 4.364 touched in February.
Technical bias remains strongly bullish, however, dollar price dynamics could influence direction.
U.S. dollar is consolidating previous session's losses. Caution prevails ahead of US covid aid package announcements.
US policymakers are inching closer to the $1.9 trillion relief package. US 10-year Treasury yield seesaws around 1.53%, volatility to prevail.
Breach below 21-EMA amid U.S. dollar strength could drag copper prices lower to test 55-EMA support at 3.793.


FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: USD/CAD slips after Fed holds rates steady
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Crypto levels and bias summary
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 



