Why I think Copper prices will dropCopper FuturesCOMEX:HG1!juliusbollmannHere’s why: Despite price gains, COT report shows continued outflows from non-commercial traders, widening the divergence between positioning and price action. Meanwhile Copper is still in equilibrium, oscillating within its range, while Aluminum has dropped nearly 15% from its September peak already. The relative weakness in Aluminum raises the question of whether Copper is lagging a broader correction in the industrial metals complex. The bearish thesis will be confirmed with the downside break in Copper’s balance.