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Copper settles negatively 7/3/2013
Copper settles below the broken support level 4.5000 to settle around 3.4600 to keep the trading range tight, therefore we remain in our previous expectation to achieve 3.440 followed by 3.3400 if the price held below the broken level.
Stochastic provides intraday positive signals by moving away from 20 level to support the tight trading during the near period.
Expected trading range is between 3.5600 and 3.3400
Expected trend: bearish
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