MCX Copper Price Has Moved Up Above The Range Bound Pattern

In daily chart, the MCX Copper price has moved up above the range bound pattern.

Moreover, price has moved above 21 EMA in the daily chart which suggests waning bearishness in the commodity price.

In addition, daily RSI is in bullish crossover and rising. Based on the above analysis we can come out with a view that MCX Copper may recover upward from the current level; on the higher end price may reach towards 445 levels over the short term.

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