Copper chart - Trading View
Copper is extending weakness for the 3rd straight session, intraday bias remains neutral.
The pair has failed to extend bounce from over 3-year lows, finds stiff resistance at 200H MA at 2.165.
Copper was trading 0.32% lower on the day at 2.161 at around 10:00 GMT, after closing 0.65% lower on Friday's trade.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) likely caps upside in the pair.
Major trend is strongly bearish and minor trend has again turned bearish on the GMMA indicator.
5-DMA is still biased higher. Breakout at 200H MA could see upside continuation. Test of 21-EMA 2.312 then likely.
On the flipside, rejection at 200H MA eyes immediate support at 88.6% Fib at 2.094 ahead of 1.970 (Mar 19 low).
Support levels - 2.094 (88.6% Fib), 1.970 (Mar 19 low)
Resistance levels - 2.165 (200H MA), 2.184 (5-DMA)


UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Stock Futures Dip as Investors Await Key Payrolls Data
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
US Gas Market Poised for Supercycle: Bernstein Analysts
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Urban studies: Doing research when every city is different
Wall Street Analysts Weigh in on Latest NFP Data
China’s Growth Faces Structural Challenges Amid Doubts Over Data 



