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Sunday, May 22, 2016

COPPER UPDATES FOR MAY 22 2016

SUNDAY



WEEKLY UPDATE



Mcx Copper last week was traded in the range between 307.5 – 314 levels ,



prices was not able to break neither supports 305 nor resistance 315 levels



and closed at 308.5 levels, trend for the commodity remains bearish and we



expect prices to correct further up to 305 levels immediately



and below 305 prices may test 293 levels.




Weekly Call:




Sell Mcx Copper between 308.5 levels



and on rises up to 311



with SL above 315



for targets 301 – 295 .


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