Copper price has been bullish in the last couple of months. We predicted a bullish market for copper with a price target of 3.00 earlier in the year. Copper Probably Still Going to 3.00...Well, there has a bit of choppiness under 2.80 for several months, but price action since June has been bullish.Copper Weekly Chart(click to enlarge)3.00 Pivot:- As we can see on the weekly chart, the 2.90-3.00 area is a key support/resistance pivot going back to 2011.- As the RSI approaches 70, which would reflect oversold condition, price will also be at a key resistance.- I would anticipate some selling here and some more consolidation. - However, I would limit the downside to 2.75-2.8 for now in case the bullish momentum is still there.