HGZ10 – December Copper (Last:3.8510)

December Copper (HGZ10) price chart with targetsTechnically speaking, Copper has taken a much harder hit recently than Gold and Silver.  Is this where they finally part company?  We could know soon, since the December contract is tracing out a downtrending abc with the potential to produce an analytically telling Hidden Pivot midpoint support. I’ve drawn a few hypothetical price bars to illustrate this in the accompanying chart. You should stay tuned in any event, since the pattern looks likely to develop in a way that could yield a low-risk entry point for bottom-fishing traders.