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We will now zoom out to look at copper on its latest 1-year chart. Next we will look at copper’s latest COT chart, which, since it also goes back a year, can be directly compared to the 1-year copper chart above. Click on chart to popup a larger clearer version. On the latest copper optix, or optimism chart, we can see that bullish sentiment towards copper is at the sort of wild extremes that we have only seen once before in the last 10 years, and that coincided with a major top. The long-term chart for copper actually looks very bullish, because the bullmarket that began in October 2016 has been driven by record strong upside volume, which has propelled both volume indicators to clear new highs.