COPPER chart - Trading View
Copper edges higher from fresh 3-week lows at 4.44 hit earlier on the day and was trading at 4.4937 at around 11:00 GMT.
Price action has slipped below 21-EMA and a bearish 5-DMA crossover on 20-DMA adds to bearish bias.
MACD supports downside with a bearish crossover on signal line. Price action is below 200H MA.
Momentum indicators are bearish. Stochs and RSI are biased lower and RSI has slipped below 50 mark.
'Bearish RSI Divergence' on the daily charts adds to the downside pressure. Scope for further weakness.
Major trend still remains bullish. Copper price are on track to test 55-EMA at 4.3260. Further weakness only on break below.


EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro- Major Crypto levels and bias summary 



