MTECHTIPS:- COMEX Copper Slides More Than A Percent

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MTECHTIPS:- COMEX Copper Slides More Than A Percent 

MTECHTIPS-Copper slipped more than a percent in Asia on weak technical cues. COMEX Copper futures have been witnessing a lower top lower bottoms formation on daily charts for the last few sessions. The metal edged up after testing near three and half month low in last week and around two week highs yet again pulled it back heavily in last session. On the daily charts, 20 day EMA seems to be capping the upside for the metal though overall action remains choppy. A clear break above $3.05 could take the counter towards its 100 day EMA, currently placed at $3.09 levels. The commodity is currently trading at $3.03 per pound, down 1.05% on the day

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