FX-COPPER chart - Trading View
COPPER was trading 0.34% lower on the day at 3.561 at around 10:30 GMT.
Price action is showing signs of exhaustion after testing multi-year highs.
Stochs and RSI are on verge of rollover from overbought levels on the weekly charts.
MACD is on verge on bearish crossover on signal line. 'Bearish Divergence' on RSI and Stochs keeps pressure.
The pair has bounced off trendline support on Thursday's trade, but upside capped below 5-DMA.
Break below 3.50 mark will drag prices lower. 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) on the weekly charts will keep downside limited.
Support levels - 3.491 (nearly converged trendline and 55-EMA), 3.348 (21W EMA), 3.314 (110-EMA)
Resistance levels - 3.594 (21-EMA), 3.608 (200H MA), 3.620 (20-DMA)
Summary: Copper has retraced slightly from multi-year highs at 3.732. Technical indicators are showing signs of exhaustion. Break below 3.50 mark could see further drag lower. Scope then for test of 3.314.


FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro- Major Pair levels and bias summary
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/JPY on nervous hold around 160.00
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro- Woodies pivot (Major)
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97 



