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For the cat and Frenchy, here's my take on the long term copper chart. It topped in 2011, after a failed breakout of the $4 level, and has been consolidating every since. Clearly the $3 is important. A breakout/breakdown of the consolidation should happen before the end of the year. I would think whichever direction goes should lead to a long lasting move, given the 3 year consolidation. If it breaks down under $3, it will also break the MACD uptrendline on the weekly chart, which should yield an impulsive move. Under $3, I would sell, with a first target of the long term trendline around $2.35. Above this summer's highs around $3.25 it would be a buy with $3.25 as a stop. Good luck cat. I still find it interesting how copper was able to diverge higher with commodities from the broader market in 2008, but then quickly realigned with the flush lower. Still think that is a possibility with the current SPX setup vs emerging markets/commodities.