Copper : Watch China (SSEC 2320)

• Copper daily chart breaking down (see red cirlce).
• Am still targeting 272. How we get there (eg do we form a weekly triangle first) obviously depends a lot on developments elsewhere eg EU impact on Risk On/Off.
• One factor which could help make this an easy trade is China. Chart of Shanghai Composite included here. Closed at 2377 today. Key support not far below at 2320, already tested unsuccessfully once last week. 
• If SSEC breaks 2320, then Copper will probably go straight down in tandem. If not, then expect more chop in reaction to Europe stabilization package news. 
• Whichever it is, short is right. My life would be much easier if China 2320 goes though.