Copper’s correction exceeded the midpoint Hidden Pivot support of a pattern I’ve partially concealed. The overshoot is not sufficient to infer that more slippage to d=5.0095 is a done deal. However, a bounce to the green line (x=6.1896) would set up a moderately attractive ‘mechanical’ short, stop 6.5830, that presumably would be good for a one-level ride back down to p. If a rally from the green line comes from further below p, that would sweeten the odds for shorts initiated at x.
HGH26 – March Copper (Last:5.9240)
