FxWirePro: Copper struggles at 20-DMA, good to go long on break above

• Copper has been struggling to break past 20-DMA from the past couple of sessions.
   
• We see slight bullish divergence between price action and RSI which has raised scope for upside.
   
• Technical studies are neutral for now, RSI and Stochs are biased north.
   
• Break above 20-DMA with RSI rise above 50 could add upside momentum.
   
• Price action was rejected at lows on Thursday's trade with a hammer formation.
   
• 200-DMA at 2.4625 is strong support on the downside, we see weakness only on break below.

Support levels - 2.5422 (5-DMA), 2.484 (May 18 low), 2.4625 (200-DMA)

Resistance levels - 2.5520 (Weekly 5-SMA), 2.5928 (50-DMA), 2.6198 (Cloud base)

Recommendation: Good to go long on breakout above 20-DMA, SL: 2.485, TP: 2.5930, 2.60/ 2.61/ 2.6250