Overall, I am still bullish on Copper to the mid $3.50 range. However, at this moment I am expecting a pull back because of a stronger dollar, a weak AUD, were at channel resistance, divergence, and we have made 3 waves up. I am expecting at least a rebound back to the 2.90 area, but I think 2.50-2.60 is very likely where we will have levels of support. At this point, I would strongly suggest to take off bullish bets and bet on the downside to happen.
