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Copper Bearish Engulfing Patter on Daily Chart

Posted by NIFM
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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