Copper prices are up 18% year to date and 48% over 12 months, driven by data center buildout and strong demand; the charts say the economy is in good shape and there could be more upside.
Freeport McMoRan chart shows higher highs and lows, strong-volume breakout, MACD buy signal, bullish flag, and TTM squeeze in explosive volatility; Lang sees a breakout above $75 to $80, then $100, with heavy October call buying.
Hudbay Minerals chart shows a modest uptrend, a bounce off the 200-day, break through the 50-day, and positive TTM/MACD; once June highs near 44 are taken out, Lang sees a straight shot to 50.
Southern Copper is Lang's favorite copper stock with the largest reserves, higher highs and lows, MACD buy signal, 200-day support test, and extremely bullish TTM squeeze; if it breaks out, he sees $250.