MCX Copper Short Term Bearish

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Posted by : Karan Hakim on | Mar 24,2015

MCX Copper Short Term Bearish

MCX Copper prices as shown above are trading in a primary uptrend indicated by higher tops higher bottoms. However prices have given break down at Rs. 395 and declined sharply towards Rs. 332.8. Recently prices have given bounce back towards Rs. 370 and facing resistance near 373 levels. We recommend to go short on rise around Rs. 373 for the target of Rs. 360/350 in short term.

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