Tag Archives: $FCX

$FCX Open the Remaining 2/3 Long Positions

Yesterday we recommended to open 1/3 long FCX positions because of the unconfirmed reversal.  Today we recommend to open the remaining 2/3 long positions.  We just had an intraday price structure bullish reversal.  Stoploss is 13.13.

Long $FCX Now

It’s time to open 1/3 FCX long position.  It’s not confirmed the bottom at 14.01 yet, but the intraday behavior indicates the likelihood of coming of the weekly cycle bottom from here.  The absolute stoploss is 13.13.

$FCX in Weekly Cycle Bottom Timing Band

It’s been 18 weeks since the last FCX weekly cycle low was made on 10/14/2016 at 9.24.   This cycle clearly took out the previous cycle high at 14.06.  And FCX has made a higher high in this complex weekly cycle.  It has a clear alpha high and beta high.  All signs point to a continuation of the up trend. 

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Dr. Copper Broke a Long Trend Line

Copper is also called Dr. Copper.  The base metal is reputed to have a Ph.D. in economics because of its ability to predict turning points in the global economy. Because of copper’s widespread applications in most sectors of the economy – from homes and factories, to electronics and power generation and transmission –

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Cycle Forecast

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