Copper’s feisty rebound from the February 5 low has surpassed an important prior high on the daily chart and looks set to continue.  Action at a midpoint pivot of 3.1432, near current levels, should be telling.  A pullback from there could provide camouflage that enables traders to get long with limited risk.  Let’s use a move above the prior high of 3.1540, just above the midpoint pivot, as our signal that the sibling D target of of 3.2525 is within reach. ______ UPDATE (08:10 a.m. EST, Feb 17): The midpoint at 3.1432 indeed proved to be the key, but pivoteers needed to use it creatively by buying it on the return trip from above.  This would have worked perfectly, as copper has since rallied by more than twelve cents a pound, worth as much as $2,677 per contract.  The 3.2525 target was reached and surpassed, and we notice that the 0.618 Fibonacci retracement level for the large decline beginning January 7, which came in at 3.264, was also exceeded today.