Near Term Trend: Bearish / Neutral
As of 3/9/18 close: 3.136
UPDATE: Last week, I noted I would be buying dips in copper to 3.0465 with stops on a daily close below 3.04 and with an upside target of 4.14.
Copper futures rallied Friday, but they were on the decline for a while leading up to that. We still see a bit more downside possible prior to copper really taking off.
I would still be a buyer of copper down at 3.0465 with stops on a daily close below 3.04 and with an upside target of 4.14.