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What is next in Copper COMEX?



Copper future on COMEX is trading near critical resistance of $4.0000, sustainability above $4.0000 would offer 4.4000 zones as primary target, immediate support seen at 3.7525 failure below this support area may neglect our bullish expectations. 14 Periods RSI above 50 and MACD above 0 line are suggesting bullish breakout above resistance area is likely. Symmetric triangle after a nice up move also supporting our bullish expectations and after confirmation of breakout we will see a nice up move in copper.

Recommendation:  we will remain neutral and waiting for breakout to ride copper bulls. 
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