Rio Tinto Pic: returning to support level

On the weekly chart, Rio Tinto Pic has again approached the lower bound of a multi-year trend at USD 42. Given that the gauge has repeatedly tested this support level, it may fail to break through this mark again. If this is the case, the price will start moving toward the upper bound of the USD 52-56 range. The first target is the resistance level of the falling trend that took shape last September.
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