COPPER chart - Trading View
Copper was extending weakness for the 3rd straight session, trades 1.77% lower on the day at 4.144 at around 14:25 GMT.
Prices slumped to their lowest in nearly two months on Wednesday, more weakness on cards.
The recent slew of weak economic data from China is not supportive as it reinforced demand fears.
Technical bias for the pair has also turned bearish. Stochs and RSI are sharply lower. MACD and ADX support downside.
Volatility is high and rising and combined with the strong bearish momentum could drive more weakness.
Next major support on the downside lies at 200-DMA at 4.037. Break below will plummet prices.
On the flipside, 110-EMA at 4.260 is immediate resistance. Bearish invalidation only above daily cloud.


FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: GBP/NZD gains some ground but bias is still bearish
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD edges lower, remains on back foot
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 



