In comparison, FCX showing a closely correlated structure
Currently FCX is sitting just barely above it's 20-MA at the top of a channel and just below previous support:
From here for the week ahead, on the upside I could see a test of $70-ish while to the downside a test of $62 area.On a large time-line this issue is looking more and more bearish, which presents shorting opportunities on price rallies back to previous support levels.
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