Generally I classified copper into three phrases:
Early part of the year, Mid year, and Late part of the year.
Early part of the year => Customers start to order copper for their production, hence we often see copper price rising the uptrend during this period.
That is the time to buy copper futures.
Mid-year => This period is when copper tends to trade sideways. Price of copper relies on the supply side situation.
Supply disruption can be caused by earthquakes in Chile, strike by the miner. In events like this copper producer may have difficulties in fulfilling the demand, thereby pushing copper price higher. However when the strikes are over, or analysts perceive the copper is overpriced by the market, price will fall.
Traders need to identify where is the range of this sideways trading. Then buy at the bottom of the range, and short sell at the peak of the range.
Late part of the year => Towards September or early October, customers will stop ordering new supply of copper, and utilised the remaining copper stocks in their warehouse. This is the period whereby price will be on the downtrend.
That is the time to short sell copper futures.
Currently we are in the mid year, hence I expect copper to trade in sideways. I had identified the range to between $7100 to $8800. Today copper is trading at $7668 per metric ton, which is at the lower end of the range, I expect copper price to rise over the next few weeks.