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COPPER chart - Trading View
Copper was trading 0.20% lower on the day at 4.6538 at around 15:50 GMT.
Stronger dollar weighed on the commodities market, dragging copper price lower.
The pair hit session lows at 4.5893 before paring losses and edging higher.
Bearish RSI divergence led dip found support at 21-EMA. RSI has turned bullish above 60 mark.
Copper prices have retraced a brief dip below 21-EMA and have edged above 5-DMA.
GMMA indicator shows major trend is strongly bullish and minor trend is turning bullish.
Copper price are set to resume upside after brief pullback. Retest of yearly highs at 4.8857 likely.
