COPPER chart - Trading View
Copper prices spiked over 2.60% on the day, outlook strongly bullish.
After a brief pause on Friday's trade, copper prices have resumed upside and are set to refresh yearly high above 4.364.
Successful vaccine rollouts and easing of lockdowns in more countries is boosting hopes of a steady global economic recovery.
Copper is also set to benefit from the expected U.S. infrastructure bill as the prospects for a strong economic recovery is set to boost demand for metals.
Technical bias for the pair is also supportive of further gains. Pullback has bounced off cloud support.
Momentum has once again turned bullish. RSI has edged above the 60 mark, in support of the current uptrend.
Scope for copper to refresh 2021 highs above 4.364 mark. 5-DMA is immediate support at 4.159. Bullish invalidation only below daily cloud.


BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD falls to two-day low, scope for further downside
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro- Major Pair levels and bias summary
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro- Major Crypto levels and bias summary
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: NZD/USD hovers near one-week low, outlook bearish 



