Long Term Copper Chart: Bullish

 |  About: First Trust ISE Global Copper Index ETF (CU)
by: Jeff Pierce

The only reason I even looked at this chart was because of a podcast I was listening to over the weekend at Financial Sense. I really haven’t focused much attention on this chart (click to enlarge), but it seems like I keep reading articles or listening to interviews about the importance of this metal in so many applications in the economy. Therefore it makes sense to check out the long term outlook to see if we can tell which direction it is heading.

Given we’re looking at the prospects of a multi-yr breakout…this looks like it has massive potential to run higher in the coming years. Anybody have any specific ways to play this commodity?

Click to enlarge