Mar Copper (update)

Copper hit just below the MR1 yesterday, which coincides with a downward sloping trendline and the 361/361 fib combo of the two main ABCD patterns coming off the 11/9 lows.  There's a very good chance we can see a correction from this area.  However, the bullish nature of the past couple weeks make it a tough market to short and you could see it grind lower before resuming higher.  I would consider scaling out of any long positions up at these prices though.