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Sunday, November 22, 2015

COPPER UPDATES FOR NOV 22 2015

SUNDAY



WEEKLY UPDATE




Mcx Copper was trading in southward direction for more than a month and prices



have dropped below its 161.8% retracement levels and closed at 300 levels,



trend for the commodity remains extremely bearish and we expect prices to move



further downwards to test 294 levels immediately which is 261.8%, we expect



prices to take supports at those levels till then sell at current levels



and on rises is advisable.



Weekly Update :



Sell Mcx Copper on rises between 302 - 303 levels



with SL above 307



for target 294.




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