Monday, 11 April 2011
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MCX, India: Copper expected to drop on extended buying
Copper April Futures on MCX platform traded higher and settled at 442.90 on Saturday. In daily chart short and medium term moving average cross over indicates buying side view for the day. The technical indicator RSI (14) is at 0.60 indicating upside potential for the day. LME Prices are trading at 9900 (+5). We expect Copper prices to remain positive and recommend buying for the coming
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