On daily chart, the MCX Copper price has given trendline breakdown, which indicates reversal of an ongoing uptrend. Moreover, price has fallen below 21 EMA on the daily chart which again suggests weakness going forward. In addition, daily RSI is in bearish crossover and falling. Based on the above analysis we can come out with a view that MCX Copper may continue to move southwards; on the lower end price may reach towards 410 levels over the short term.

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