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Wednesday, 3 August 2016

MTECHTIPS:-Copper prices to move lower towards 319.50 levels: Choice Equity

MTECHTIPS:-Copper prices to move lower towards 319.50 levels: Choice Equity
MCX Copper prices have witnessed breakdown of its Triangle pattern at 326.40 levels on hourly basis. Moreover, MCX Copper prices are trading below its super trend indicator on hourly chart. Furthermore, counter is trading below its 21 HEMA on hourly time frame. On the other hand, momentum indicator RSI has drift below 50 levels on hourly chart. Outlook For now we expect prices to move lower towards 319.50 levels in coming trading sessions.

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Posted by MTECHTIPS at 8/03/2016 06:27:00 am
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