I actually don't mind considering techinical analyis in investing decision. It doesn't work on everything though.  It more or less attempts to gauge human emotional responses based on past experiences, imo.  It does not consider economic fundamentals, paradigm shifts in technology and new government mandates like the securing and onshoring of critical metals, etc.

$1.21 CU/LB?  That would represent an 80% drop from $5.71!  IMO, that would render most copper mines uneconomical, and many would suspend operations, limiting supply, pressuring prices back up.  There is a self-correcting mechanism built in.  Note that this would make Schaft Creek with its cost/lb of $0.60/lb one of the few economical deposits in the world available to advance.

If copper does in fact drop that low it would be very brief imo like the drop we saw in copper prices during the financial crisis and great recession of 2008/2009.   Within a year the price of copper recovered virtually all of that drop and then went on to new highs.

There is a supply/demand self-correcting mechanism built into indispensible and unsubstitutable base commodities.  

JMHO