FCX appraoching resitance, potential drop!

FCX is approaching our first resistance at 13.62 (horizontal pullback resistance, 61.8% fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level to our major support at 11.53 (horizontal swing low support, 50% fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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