We Keep Our Bearish View On Copper With An Expectation Of 418 Levels - Nifty Future Tips

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On weekly chart, the MCX Copper prices have completed bearish AB=CD harmonic pattern at 451.35 levels. Moreover, a momentum indicator RSI has formed a negative divergence on the weekly chart. Furthermore, daily RSI has coming out from the overbought zone and expected to drift down in the short term. Overall, we keep our bearish view on Copper with an expectation of 418 levels.

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