Copper on a daily basis has been in a well formed down trend for over a month now, forming well defined lower lows and lower highs. I also personally think its important to see a trend hold its retracements, and especially its confluence of retracements which we see in the daily chart with the 38.2% of the green and 50% of the purple retracement around 4.1127-4.1285. Looking even closer on the hourly chart over the last few days, we see a good test and hold of the 4.05-4.025 levels. There is also some continuation divergence in the RSI as highlighted by the yellow lines. I think this is a good play to the downside right where the market opens tonight and easily see this making new yearly lows within a week or so.