Copper update

Three month ago, (see my post on 20th March) I wrote on pattern-perspectives of the copper prices, and assumed the probable target below 3.00. Yesterday market reached the stipulated target. I think much more downside  is possible in coming weeks/month.

Copper producers reflect the inherent weakness of the commodity, and there is a breakout of a massive topping pattern confirmed yesterday  in FreeportMcMoran shares.