COPPER - WEEKLY CONTINUATION CHART:

After the former 38.2% pullback level provided strong support the recovery finally breached former 76.4% resistance.

Should weakness unfold now note the current 23.6% retracement lies at 3.2500 (not shown).

COPPER - DAILY CHART DEC-10:

S/term resistance has come from near a bull channel top, but a pullback phase will not look likely until price falls through the channel base, around 3.6000 currently.

In fact, note that the daily RSI signals s/term bear fatigue via a negative divergence, putting us on the alert for such a correction.

Beyond immediate support from the Apr 3.6690 high, and then lower 3.4305 early Aug high, we would focus on the 3.2000 25-Aug low for support, the starting point for the current upleg, and near to the 23.6% level on the Weekly chart.