Copper’s chart looks almost as ugly as crude’s — no surprise, since both reflect the state of the global economy far better than nutty GDP figures that seem to capture mainly the health of the U.S. car-leasing business.  Notice that March Copper has bounced from a recent low somewhat above a clear Hidden Pivot target at 2.3635. My hunch is that the eventual low will occur even closer to the target, but that the futures are due for a bounce in any event. (This number corresponds to a projected low of 43.58 in March Crude.) If the support fails, however, you should infer that Copper will fall to 2.1665 before it turns around. That, too, is a Hidden Pivot target, and it can be bottom-fished aggressively with as tight a stop-loss as you can abide. _______ UPDATE (Feb 2, 10:17 p.m.): Copper has gotten tugged higher by the rally in crude oil, with the result that this vehicle now looks bound for at least 2.5555. Anything above that Hidden Pivot would be telegraphing more strength. _______ UPDATE (Feb 3, 11:03 p.m.): This short squeeze will reach a new threshold of viciousness if it exceeds the ‘look-to-the-left’ external peak recorded on January 13 at 2.6590. Based on Hidden Pivot Analysis, I’m looking for at least 2.6435 over the very near term. _______ UPDATE (Feb 5, 11:20 p.m.): Doc Copper now looks poised for a run-up over the near term to 2.6675, a Hidden Pivot resistance of middling importance. _______ UPDATE (Feb 10, 8:18 p.m.): Oh well, Doc Copper has aborted the move. I’m going to archive this tout lest we become bored with it. FWIW, at Wednesday’s close, the downtrend pointed to a minor Hidden Pivot support at 2.5208, or 2.5010 if any lower. _______ UPDATE (Feb 12, 11:50 a.m. EST): Someone queried me in the chat room about Copper, so I’ve pulled it out of the archive with this updated outlook. Tuesday’s 2.5255 low slightly changed the rally target, to 2.6595. This will work, and precisely, because of the very precise pullback we saw this morning from p=2.5925. On the hourly chart, here are the coordinates: a=2.4845 on 2/11; b=2.6185 on 2/3. Please note that a lesser Hidden Pivot at 2.6265 is likely to show some stopping power on the way up. _______  UPDATE (Feb 13, 8:34 a.m.): Not quite as precise as I’d expected. The futures missed the target by 0.0045 points on the first try, then overshot it by 1.6  cents 12 hours later. If they continue their ascent, the next stop would be 2.6675. My highest target for the next 2-4 days is 2.7320, and I recommend shorting there aggressively if you are long when the futures get there. ______ UPDATE (February 17): I have taken Copper off the list for now because it has become a big bore. Please inquire in the chat room if you are still onboard for the Chinese water torture. ______ UPDATE (Feb 26, 9:17 a.m.): Boring or not, Copper has surged this morning to within 0.0005 points of the target I disseminated when it was trading 15 cents lower. Please let me know in the chat room if you traded the target.  _______ UPDATE (February 26, 10:23 p.m.): Several subscribers reporting exiting profitable long positions — one from 2.40! — at or near the target. Nice shootin’!