COPPER chart - Trading View
Copper on track for further declines amid slowing growth from top consumer China.
Copper prices have retraced from 2019 highs at 2.994, currently hovers at 2.659.
Price action has slipped below cloud and 200-DMA, scope for further weakness.
GMMA indicator shows shift in major trend to bearish. MACD also supports downside.
Momentum with the bears. RSI is well below 50 and Stochs are sharply lower.
Recovery attempts capped at 200-DMA, price is extending consolidation below the next leg lower.
Next major bear target lies at 2.620 (rising trendline). Violation there will see further weakness.
Stiff resistance seen around 2.680 (nearly converged cloud base, 5-DMA and 50-DMA). Break above eyes retrace till 200-DMA.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: GBP/AUD bears maintain upper hand
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 



