This could easily be viewed as a potential bull flag on a longer term chart.  

We'll know which was right a few months from now probably. 

I'm not trading copper so take my comments lightly.

Overall the money supply has been getting squeezed.

This should slow down the economy and as we see job less claims were up 20K last week.

Also with fewer $$ we should see I USD rally and we are.

Both of these are bearish on copper but at some point the fed should start letting the money

supply grow more normal and copper should rally and the USD go down.

How soon? At what price point? My guess several more weeks and in the mean time

we could have a decline in things like copper.

Longer term I am very bullish on copper and I am sure we will be over $5.00 and on our way to about $7.00

$7 will take time. Maybe 2025.