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5 Mar 2013

MCX COPPER TIPS

Photo: WEEKLY REPORT BASE METALS..COPPER AFTERA SHARP DECLINE TRADED RANGE BOUND BETWEEN 428-433 AND THOUGH BOKE STRONG SUPPORT 427 RALLIED UP AGAIN; PRICES HAVE STRONG 9 DAY EMA AT 433 AND MORE UPSIDE ABV THAT NEXT
CX Copper: If prices sustain below 425, it may fall to 418 levels
echnically on daily charts Copper April futures has a crucial resistance at Rs 432 and support at Rs 425. Copper prices are expected to trade in the aforesaid levels for the day and breakout any of side would give the clear direction for the remaining days of the week