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COMEX Copper Breakout offering Target around $3.8000


Breach of the down sloping trend line resistance is suggesting descending triangle breakout respect of horizontal support at 3.4700 would offer an advance till 3.8155. MACD signal line crossover above 0 lines suggesting valid breakout. A failure below 3.4700 is less likely, a fall till 3.3000 and more down side can’t be ruled out after failure below support 3.4700.


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