April futures Copper prices closed lower at 334.25.

The market broke the crucial support at 337.50 and then closed at next support level of 334. Moreover, the momentum indicator RSI is treading at 0.48.

The major supports are at 332 and 329 levels. Likewise, on higher side resistances are 335 and then at 337.50 levels.

We are expecting the market may fall further today.

MCX Copper: Sell April at 335.50 TP 331.50 SL 337.50

Courtesy: Karvy Commtrade Ltd.

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