In a May 21 posting, the case was presented for a copper price low in July. The conclusion was, “Thus, the seasonal, monthly and the weekly cycles point to early July as the next significant low. At that time, price will likely be in the $2.65-$2.85 area. The July rally will likely carry price close to the $3.00 area.” Price hit $2.62 on July 9th and closed at $2.74 on Friday. Let me review the case and update the projection. Based upon daily data from 1890, here is a monthly histogram of the expected return. Note that the first quarter has traditionally strong followed by a w (full story)