Copper Plunging Towards Possible Support

We've warned since early 2013 that copper would take a long-term dive, and it has. 

Our bearish outlook on copper, back then a very unpopular position, was a primary reason we shorted commodities which turned out very successfully (latest update here). 

Its plunge towards possible long-term trend support, as shown in the chart below, is one reason why we've recently moved to decrease that commodities short position. 

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