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Copper Bearish Engulfing Patter on Daily Chart

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Posted by : NIFM
7 April, 2014, 2:09 PM
Copper April contract on inched 4.80 rupees down to settle at 401.10. Copper failed to clear main hurdle of 409 and settled with a bearish engulfing candlestick pattern. Today price objective for bulls would be 409 any sustained move above that level would bring more charm and then commodity may try heading towards 417-423 in short term. Failure of 400 may trigger more weakness and then retest to 395-392 may take place. Key support would be 391 and any failure below that level would bring 365 on cards in short term. Check on ds link for more detail: http://prntscr.com/37ri9q

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