Copper chart - Trading View
Copper is extending weakness for the 3rd straight session, intraday bias remains neutral.
The pair has failed to extend bounce from over 3-year lows, finds stiff resistance at 200H MA at 2.165.
Copper was trading 0.32% lower on the day at 2.161 at around 10:00 GMT, after closing 0.65% lower on Friday's trade.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) likely caps upside in the pair.
Major trend is strongly bearish and minor trend has again turned bearish on the GMMA indicator.
5-DMA is still biased higher. Breakout at 200H MA could see upside continuation. Test of 21-EMA 2.312 then likely.
On the flipside, rejection at 200H MA eyes immediate support at 88.6% Fib at 2.094 ahead of 1.970 (Mar 19 low).
Support levels - 2.094 (88.6% Fib), 1.970 (Mar 19 low)
Resistance levels - 2.165 (200H MA), 2.184 (5-DMA)


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro- Major Crypto levels and bias summary
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
FxWirePro: GBP/AUD bears maintain upper hand
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity
FxWirePro: USD/CAD extends advance as stronger dollar and falling oil weighs on loonie
FxWirePro: USD/CAD gains as broad dollar strength lifts pair
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
2025 Market Outlook: Key January Events to Watch
FxWirePro: USD/ZAR rises as dollar gains on Fed hike bets
FxWirePro: USD/JPY firms as bearish yen sentiment persists 



