Yes GY, there is a potential double bottom forming.

Assuming this area does hold, Copper should at least get a good bounce. This would hopefully lead to the formation of a more sustainable bottoming pattern.

The trend has been down for five years, so one should not expect a return to the 2011 copper highs until some longer term basing occurs.....

However, the good news for CUU holders is that the stocks generally lead the commodity.