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- Copper breaks above 20-DMA at 2.548.
- Technical studies have turned bullish.
-RSI moves above 50
- Stochs rollover from oversold, biased higher
- MACD is on verge of a bullish crossover on signal line
- The pair finds major resistance at 5.90 (23.6% Fib of 2.064 to 2.752 rally).
- Break above 2.590 to see test of 2.660 (Upper Bollinger band).
- Failure to close above 20-DMA at 2.548 invalidates our bullish call.
Recommendation: Good to go long on dips around 2.560, SL: 2.520, TP: 2.590/ 2.660/ 2.685
