infrastructure. Copper is one of these commodities that plays an important role in building infrastructure. The good news for investors is that there is currently a shortage of copper into 2012 and will cause the copper price to increase by almost 25%. Large copper companies like Freeport McMoran (FCX) will benefit from copper shortage.
In looking at a one year chart, FCX is currently touching its upward resistance line. At this time, FCX should have difficulty breaking this level and should head lower to its support line around $73-$74. Therefore, a good entry point would be at its support level.