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Copper MACD, RSI Measures Signal 9% Drop: Technical Analysis

Copper on the London Metal Exchange will probably fall as much as 9 percent in the next two months, according to technical analysis from TransGraph Consulting Pvt.

Metal for delivery in three months may decline to as low as $6,200 a metric ton, analyst Saumendra Satapathy said in an e-mail today. Copper, which entered a bear market in April, has slumped 14 percent to $6,827.75 a ton this year.