MCX Copper may fall further

AHMEDABAD (Commodity Online): MCX Copper March future prices traded below previous month’s low of 423.55. It declined around 3 percent on yesterday’s trading session to close at 421.90. It traded below 10 days linear regression which suggest weak trend.
MCX Copper March future contract opened at 421.35 per Kg. It tested lower levels of 416.15 during the day. It last traded at 420.85.The contract faces resistance near 433 while its support is seen near 414.
Positional traders can sell MCX Copper March contract near 425 with stop loss of 432 and can wait for target of 417, according to Sawan Parmar, Analyst with Commodity Online.

(Source: http://www.commodityonline.com/marketmovers/MCX-Copper-may-fall-further-2011-03-10-3211-3-1.html)