COPPER chart - Trading View
Copper has resume upside after a brief pause on Thursday's trade. Traders ignore Gravestone Doji formed on the previous session's candle, bias remains bullish.
The pair was trading 0.79% higher on the day at 4.518 at around 12:00 GMT, after closing 0.22% lower in the previous session.
Momentum is strongly bullish. Oscillators are at overbought levels, but no signs of reversal seen.
Analysis of GMMA indicator shows major and minor trend are strongly bullish on the daily, weekly and monthly charts.
Technical indicators also support further upside in the pair. The pair has erased early losses and set to extend gains.
Overbought oscillators warrant caution. That said, pullbacks are likely to be shallow. Major weakness only below 55-EMA and daily cloud.


0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92 



