Copper - The top has been confirmed

(Click on the picture to enlarge)

Here we go!

The top has been confirm by the breaking back into the channel and we are now headed for the bottom of the channel , which is currently in the 236 area. I will expect it to be closer to 246.30 when it's hit.

Ultimately I do expect the bottom of the channel to be broken to for a continuation down to 213.45.

The long term picture calls for a move below the December 2008 low at 125.