Since the middle of last year, my view has been that copper needs to bounce in a (b) wave as preparation for rolling down again in a (c) wave. Copper is now at an initial target for 'c of (b)' at 2.85. When dropping down to a daily chart, you can make a case for a little push up for one more wave up so as to get a five count up from the early January low. Once copper does roll lower, if it makes a higher low to the 2016 low, it will qualify as both a wave [b] or [ii]. If it eventually makes a new low to the 2016 low, it will be valid as a [b] wave low.

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