Rio Tinto Pic: returning to support level

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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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