UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Stock Futures Dip as Investors Await Key Payrolls Data 
Copper chart - Trading View
Copper extends retreat from 4-week highs at 2.350, bias is turning slightly bearish.
The pair was trading 1.68% lower on the day at 2.288 at around 09:15 GMT after closing 0.32% higher in the previous session.
Technical indicators are turning bearish. Stochs are on verge of rollover from overbought levels.
Price action has slipped below 5-DMA and is testing 21-EMA support at 2.279. Decisive break below will see more weakness.
Major trend in the pair is bearish as evidenced by GMMA indicator. Minor trend is turning bearish.
Break below 21-EMA eyes 88.6% Fib at 2.094. Failure to break below 21-EMA negates bearish bias.
Support levels - 2.257 (200H MA), 2.094 (88.6% Fib)
Resistance levels - 2.331 (Upper BB), 2.400 (55-EMA)
