Copper 4hr chart has formed a “Rectangle chart” pattern. The last few sessions seem strongly bearish in trend as the prices have already broken out the pattern’s parallel support line itself. The market is likely to give a correction on positive momentum and turn bearish once again, testing all the way through 448-446 levels in the upcoming sessions. Alternatively, as per the international market copper has formed a bullish flag chart pattern. The same indicates that market has not broken out the pattern yet. So, a small correction on bullish momentum can be expected to rally all the way through 454-456 levels. Major Resistance holds at 462 and Support at 448.
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