HGU10 – September Copper (Last:3.0365)

September Copper (HGU10) price chart with targetsAssuming mid-June’s high at 3.0675 is not exceeded first, a crucial test of support awaits at 2.8373.  That’s an important Hidden Pivot midpoint lifted from the weekly chart, and it has the potential to tell us whether Copper has entered a bear market or is instead merely correcting a bull move that had become overextended.