COPPER rallies on easing concerns about US/China trade war but gains were limited so far

Copper rose on Monday on easing concerns about US / China trade war, but recovery was so far limited by strengthening US dollar.
Fresh rally today pared losses of last Friday when copper dipped to $3.0545 and briefly probed below daily cloud base but shows signs of stall on approach to key barriers at $3.1000/33 (200SMA / daily cloud top / daily Kijun-sen).
Break and close above these barriers would generate strong bullish signal and expose next key barriers at $3.1295/$3.1335 (14 May high / 100SMA).
While the price remains within daily cloud (currently spanned between $3.0605 and $3.1040 and narrowing later this week) extended consolidation could be expected before the price establishes in fresh direction.
Mixed signals from daily studies (MA’s in bearish setup / 14-d momentum rallies in positive territory) adds to unclear near-term direction.
Cloud boundaries mark pivotal points.

Res: 3.0965; 3.1000; 3.1033; 3.1245
Sup: 3.0815; 3.0635; 3.0605; 3.0430