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MTECHTIPS MCX COPPER intraday trading analysis 23-02-2015

MTECHTIPS MCX COPPER intraday trading analysis 23-02-2015
Mcx Copper Future On Last Trading Session Closed At 357.25 With Loss. On Daily Chart, Copper Prices Are Consolidating In A Range After Bounce Back From Recent Low Of 334. Prices Are Trading At Week And Month Averages But Still Way Below Its 3-Month Average Of 375 Rupees Level. Daily Chart Indicators Pattern Are Bullish And Suggesting Recovery Ahead.For Next Week, Commodity Traders Watch 359 Levels. If Copper Gives Daily Closing Above It With Price And Volume Then Expect Targets Of 375 To 385 In Very Short Term. Nevertheless, Below 359 Copper Might Have Chances To Fall Up To 316 In Medium Terms.

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