COPPER chart - Trading View
Copper bulls unstoppable. copper prices rally to fresh record highs.
Copper was trading 1.16% higher on the day at 4.544 at around 11:50 GMT.
Momentum is strongly bullish. Oscillators are at overbought levels, but no signs of reversal seen.
Dovish outlook from the Fed and Biden's bold spending plans stoke reflation fears and keep the US dollar depressed.
Weak US dollar is underpinning metal prices. Strong demand forecast is likely to keep prices supported.
Technical indicators also suooprt further upside in the pair. The pair has bounced off 5-DMA support with a hammer formation.
Overbought oscillators warrant caution. That said, pullbacks are likely to be shallow.


FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: GBP/AUD loses momentum but bullish setup remains
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro-Major European Indices
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro- Major Pair levels and bias summary
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level 



