Copper U.S. High Grade Futures (345)

The price of Copper has poked its nose down through the rising 100-Day Moving Average and there is a short term possibility that it could break down through this area. If it did so, I would expect it to find support at the rising 200-Day Moving Average in the area of 285. If I were to define this as an intermediate term correction, I would have to say that the longer term trend remains strong.