Mtechtips COPPER MCX intraday trading analysis 08-10-2012

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Mtechtips COPPER MCX  intraday trading analysis 08-10-2012

Mcx copper 30 nov 2012 expiry future on last trading session closed at 433.6 with loss.on daily chart copper future prices now trading below 3 month level of 435 which suggest breakdown of short term trend. on upside 435 is first major resistance of 3 month average above that 437 is weekly level resistance and in last 441 is copper monthly level resistance.below 435 traders should maintain there bearish view. by daily copper chart analysis we maintain our bearish view and maintain shorts in copper future for targets of 426 to 420 with stoploss above 437.