Coppers trading range is narrowing quite a bit. Falling wedge chart pattern, typically i take these to a 61% retracement target. initially I got my timing wrong on this (see other analysis), but now seems to be the right time for a reversal breakout upwards.expect copper to head up to $4. 40 . will need to reasses...

Coppers trading range is narrowing quite a bit.initially i got my timiing wrong on this (see other analysis), but now seems to be teh right time for a reversal breakout upwards.expect copper to head up to $4. 40 . will need to reassess there to decide which way next.overall long term expecting copper down.

The recent record highs in copper seems to be quite over done.Chart has formed a backward wedge of some sort, which typically reverses down.Expect copper to slowly move south over the coming month to the 61% FIb level.