Last week in our hot commodities we picked the commodity we thought would be great long term hold and copper as we thought has made great gains.

How do you take advantage of opportunities such as this one? Here we will outline how to take advantage of the commodity boom with a simple system.

The global boom in commodities

Global economic expansion is fuelling price rises in many commodities and copper is a great market to trade with huge increases in the new millennium already, with more to come.

Global economic expansion will keep prices firm

This increase has been fuelled by the emerging super economic powers of China and India as they compete with established industrialized nations such as the USA for raw commodities.

Trading the move

The first place to look for opportunities is on the weekly charts these give you the longer term trend and then move to the daily chart for timing.

The best way to get into the market is to identify chart support and use Bollinger bands for price targets and support and use stochastic momentum to time entry.

Once support had been established we waited to key off it and looked for upside momentum and it is here the stochastic indicator helps - it gets you in as the market gathers strength.

NEVER: Trade into weakness on the