COPPER chart - Trading View
Copper prices spiked over 2.60% on the day, outlook strongly bullish.
After a brief pause on Friday's trade, copper prices have resumed upside and are set to refresh yearly high above 4.364.
Successful vaccine rollouts and easing of lockdowns in more countries is boosting hopes of a steady global economic recovery.
Copper is also set to benefit from the expected U.S. infrastructure bill as the prospects for a strong economic recovery is set to boost demand for metals.
Technical bias for the pair is also supportive of further gains. Pullback has bounced off cloud support.
Momentum has once again turned bullish. RSI has edged above the 60 mark, in support of the current uptrend.
Scope for copper to refresh 2021 highs above 4.364 mark. 5-DMA is immediate support at 4.159. Bullish invalidation only below daily cloud.


FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 



