COPPER chart - Trading View
LME copper prices have paused pullback as 21-EMA support, further weakness only on break below.
Copper was trading 0.12% higher on the day at 4.017 at around 05:25 GMT, after closing 1.51% lower in the previous session.
Price action is correcting lower from record highs at 4.364 touched in February.
Technical bias remains strongly bullish, however, dollar price dynamics could influence direction.
U.S. dollar is consolidating previous session's losses. Caution prevails ahead of US covid aid package announcements.
US policymakers are inching closer to the $1.9 trillion relief package. US 10-year Treasury yield seesaws around 1.53%, volatility to prevail.
Breach below 21-EMA amid U.S. dollar strength could drag copper prices lower to test 55-EMA support at 3.793.


FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: USD/CNY hits 15-month low , scope for further downside
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows 



