The ideas behind this portfolio are: 1- Benefiting from possible 6 trillion dollars infrastructure bill. 2- Being properly hedged using commodities. 3- Having exposure to the Tourism industry, apparel, and increased demand for gas in post-pandemic era. My recommended asset allocation: 50% stock: 25% cash: 25% Gold: 0 Cryptocurrency NYSE:VALE NYSE:RIO ...
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FCX took a bold move above upper R line. I want to see more volume for a move like this to confirm so I will wait to see how serious the bulls are. R line is from 2014 at a previous peak. Trend is accelerating and well established. RSI peaks are divergent with price. Makes me hesitate. Might be corrected with new peak formed from breakage. Wait for bull buy in...
FCX is currently sitting above a support area so we wouldn't call this the absolutely best trade. That said, maybe a 2% max trade risk on it hitting the Stop-loss while keeping in mind that other ideas are available and better. However, if it does make a strong move off support, moving the TP higher and SL to breakeven will turn an ok trade into a great...
NYSE:FCX INVERSE HEAD AND SHOULDER UPTREND +FAST TURTLE BUY FiFT SPIKE UP MCDX+ BANKER SPIKE UP BANKER 70% ATOM BUY
Hi mates NYSE:FCX is perfect setup for long in bullish flag here is data for my trade: ------------------------Trade setup --------------------------- Entry: 33.80 Stop Loss: 32.45 Profit target: 43.60 ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that...
Caching this small move here. Next high volume area is above $35+ Tight Stop Loss at $32.15 Take profit at $34.00 and leave a runner in case it breaks and continues
Has developed into a massive C&H ... wow 👀 ... keep your eyes on this one folks $FCX $AKS $MP $HG_F $CL_F $SPY $SPX $ES_F $TNX $TLT $ZB_F $ZN_F #Economy #Commodities #Inflation
Over the few first day of April, we will see or Doji (Evening star) began to form. Need to wait few confirmation signals.
after a 711% bullish rally in less than a year, I believe it is going to test its 50EMA, lower border of the channel and previous low at the same time! if it breaks below all three at the same time! a new ear will start! this might happen in the next 2 week, I will keep this on the watch list for daily candle closure below 32 for safe entry.
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...
Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos, and commodities, in weekly, daily and 4-hour timeframes. Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets are updated on Monday, Tuesday, Wednesday and Thursday,...
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.