Aluminum and copper stocks performed well last . FCX was able to finally break that 39$ range. Now we're approaching even tougher resistance here which you can see at 3 different areas.
1. White line - you can see the rejections off of here
2. RSI - You can see similar rejection here
3. fibonacci .236 or 42.62..
All 3 of these resistance will be met at the same time so we'll know if a breakout will happen or not.
Finished last week with its Daily candlestick fully outside its bollingerband. I think we retest 40.50 before any leg higher
1. White line - you can see the rejections off of here
2. RSI - You can see similar rejection here
3. fibonacci .236 or 42.62..
All 3 of these resistance will be met at the same time so we'll know if a breakout will happen or not.
Finished last week with its Daily candlestick fully outside its bollingerband. I think we retest 40.50 before any leg higher
