While it is too early to really get our hopes up, it is worth noting that Dr. Copper has clawed its way back above the long-term support that it violated earlier this year:
And though its efforts to overcome the downtrend seem to have faltered a bit today, the metal with a Ph.D in economics has clearly taken a peek at the view out above resistance:
As we said, this does not guarantee a sustained breakout (especially in light of our discussion about its rally and the relationship with Chinese growth)-- but the forces of accumulation have to start somewhere...