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Copper/James *PIC*

I was going to post this chart of Copper yesterday but price hadn't 'closed' below 450 yet which is 1st support. Looks like it will breakdown today for the 1st time in a long time. And Copper is the leader in economic activity. I have overlaid FCX which is the big Copper Stock Freeport McMoran. It is the canary in the coal mine regarding Copper prices and broke down in January and has been getting technically weaker ever since. And Copper has its stongest seasonal period historically from Jan through April so this is not a good sign so far. Copper's big test will come at the 408 to 416 major price support area and must hold at this area to remain bullish overall.

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Copper/James *PIC*