February 20, 2013

MCX Copper Trend line breakdown

  • MCX Copper daily chart shows price below the rising support line
  • 2nd chart shows a possible head and shoulders pattern. Price nearing the neck line of the pattern. This area between 432 and 435 may act as strong support level. 
  • Further breakdown only if bears of copper manage to break below the zone between 432 - 435.

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