When we last looked in on ‘Doc Copper’, it was to ascertain a 2.7780 target for the composite weekly contract, with a worst-case possibility of 2.4435 if the higher number doesn’t hold. The chart shown shows a third possibility — one at 2.6375 that we should treat as a back-up-the-truck number for purposes of bottom-fishing. Although the futures have been in rally mode for the last two weeks, I seriously doubt they will escape the pull of gravity represented by this constellation of Hidden Pivot supports . Accordingly, in anticipation of possible opportunities to come, you should set screen alerts that reference the levels I’ve noted above. _______ UPDATE (April 15): Basis the June contract, I am now projecting more slippage to at least 2.6115. On the way down, look for tradable bounces near 2.8698; or if any lower, at exactly 2.6685.
