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MCX COPPER REPORT

Copper will crash if it falls today and tomorrow. Anything can happen in copper as China is closed. Copper needs to trade over $5300 to be in long term bullish zone. Copper is nearing a bearish zone. I will prefer sharp dips (if any) till 7^th October to invest for month end or even year end.

Copper October 2019: (previous day close/CMP Rs.438.05)

Key support is at 434.20. Copper will move into a short term bearish phase if it trades below 434.20 to 425.60 and 414.40.
Copper needs to trade over 441.00 till 7^th October to be in short term bullish zone.

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NOTES TO THE ABOVE REPORT

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