COPPER chart - Trading View
Copper price were down for the third straight session on Monday, outlook remains bearish.
Prospect of a debt default at China property developer Evergrande Group fuelled a sell-off across financial markets.
The pair is testing major support at 200-DMA at 4.144, decisive breach below will drag prices lower.
Technical indicators support weakness in the pair. Oscillators are in neutral zone and are biased lower.
MACD is on verge of bearish crossover on signal line. -ve DMI crossover on +ve DMI adds to the bearish bias.
Copper prices pivotal at 200-DMA support. Technicals biased lower. Scope for test of trendline support at 3.975.


FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 



