COPPER chart - Trading View
Copper was trading 1.36% lower on the day at 2.64 at around 09:47 GMT.
Price action struggles at channel top resistance, upside only on decisive break above,
The pair might see some minor pullbacks on account of overbought oscillators.
Major and minor trend have turned bullish on the daily charts after break above 200-DMA.
5-DMA is immediate support at 2.61. Break below will see test of 200-DMA at 2.56.
Pullbacks are likely to be shallow and major weakness only on retrace below 200-DMA.
Support levels - 2.61 (5-DMA), 2.56 (200-DMA), 2.53 (61.8% Fib)
Resistance levels - 2.69 (78.6% Fib), 2.73 (200W MA), 2.78 (88.6% Fib)
