Look where price was at 16 friggen years ago (2008) and now. Very little change. Trendlines need to be draw on ummmm trends. Not just random swing points.
Copper can be marker for either economic strength or weakness.... OR and inflation hedge similar to gold and silver. FCX, Freeport McMoran, a good thing to keep an eye on.
Several years ago, I remember reading Carl Icahn was building a large position in FCX. ($12/share) And he was basically denying it, "don't do what I'm doing". Yeah, stupid as a fox.
When you trade copper, you must remember that China uses about 60% of the internationally traded supply. However, several months ago the prices in China were actually lower than in the West, it is also a major copper producer. And so of all things there was an interesting arbitrage opportunity. Copper supplies actually started flowing OUT of China into Western markets for a spell, which then started dropping the price at the LME and Comex. That period ended and prices stabilized around $4 per pound at Comex, and then began a bit of an uptrend. However, you will often see copper prices react overnight to China econ reports, and copper can drop 4-10 cents overnight if reports are weak! Right now copper could go either way, it could take off or it could retest $4. Just like with oil prices right now, China is usually the number one demand factor. Much longer term I like copper very much in terms of the further building out of additional electrical infrastructure for the energy transition and the much hyped AI power needs. Thus I own a small amount of the Sprott copper miners ETF. I day trade micro copper, MHG, I really like the contract, and convinced an additional broker of mine to carry it. So far I am better at sensing and reading Price Action with this niche market than most markets, and have a 90% win rate. I know that kind of stat can't hold up over time, but for now I am readily seeking out opportunities each week.