Get on board this most excellent trade with copper and stock seasonality on your side! FCX has has a great run this year with copper from the bottom rising 400%. This is a great and possibly final leg to get into for awhile that is perfectly balanced inside Camarilla pivots, which I would consider myself an expert in using. Copper 16YR seasonality nearing a...
I'm expecting price to hold this current resistance on the 4H. If price breaks above current resistance, then I will close these contracts for a loss and salvage what I can from the position. My profit target is around $28. So, why $28? Because price has already checked the $33 - $30 price level noted by the check mark. I think price could move lower to the...
Copper futures at 9 year highs and all time high is around $4.65, FCX is the world's largest publicly traded copper producer. It is following the price of commodity. Demand for copper from renewable sector is growing as new power generation capacity addition renewable energy (China/India). Options - The March 19 $38 calls traded over 11000 times, over 34,000 in...
Trying to hammer off of the TL. Back over the 50dma and could rip $FCX $AKS $MP $HG_F $SPY $SPX $ES_F $TNX $TLT $ZB_F $ZN_F #Economy #Commodities #Inflation
NYSE:FCX Uptrend Fast Turtle Buy FIFT +ve MCDX+ Turn Strong Banker 75%
Since price cross MA30 @June 2020 in weekly, it is in a strong uptrend. Price is reversed nearby MA50 (blue line) appeared a price rejection (pin bar). Next day one white soldier candle as confirmation day, stochastic oscillator indicator shown price at oversold range moving average line is toward up direction. I have a position, and look for 2R...
Good entry point on FCX with good R/R. Not investment advice. Do your own research.
Consolidating like crazy after big volume bars earlier from few weeks. Needs lot of patience as it moves slowly. Ideally far out options or really long term hold (6 montsh) will work perfectly.
Monthly Uptrend continue Weekly Uptrend Daily Open Long on correction Open 22 SL 18,5 TP 35 RR 4
looks pretty gnarley. especially if you consider the background noise..
see full chart at www.tradingview.com FCX Entry $15 Target 1 $17 Target 2 $20 stoploss $13 Why? Why it is a buy? Stimulus bill #2 will eventually come out by 2021, Along with FOMC mentioning that they will allow inflation to run wild. what that means is that, the fundamental value of GOLD and other minerals will increase in price. While everyone is focus on...
Historically NYSE:FCX has been bearish the week of or week leading into AMEX:XLB dividend. Shown here is its support and resistance, movement this summer, along with selloff in correlation to XLB dividend dating back to Dec 20, 2019. Materials and metals have popped this year with AMEX:GLD taking charge earlier this summer. FCX has beat earnings expectations...
concerning breakdown on fcx this week. Maybe bit of comfort seeing aapl, and amzn have a similar patterns? Thought was worth a note..
High probabilty trade here. On the technical side the FCX chart is showing a bullish ascending triangle, whilst on the fundamental side FCX's primary product both copper and gold continue to be very bullish . Should be some tailwinds with recent market volatility and possible rotation over the next little bit as well.
Los indicadores indican posible ruptura alcista siguiendo el canal ascendente semanal. Pero hay posible retroceso a soporte anterior si no rompe la media de 200 y sigue con el patrón bajista de los últimos triángulos bajista.s
Whether or not the tech bubble pops, precious metals will continue to rise. $FCX is a safe low risk long term hold. Watch for Copper futures to quickly trade above $3.
We ended last week with a doji candle at the trendline from the 2011 highs and with RSI hovering around overbought levels. Copper's weekly and monthly close will be foreshadowing for markets into US Presidential Elections on November 3, 2020. Trade idea is a sell stop (or buy stop) above on a daily candle close below (or above) weekly doji candle. For...