Copper rising and the dollar falling trend look ripe to continue
FCX is a good copper play on what is a decent support area
a move to the upside is proabable but we would prefer a small position size since :
1) the R of 1.29 isn't the best and
2)MACD doesn't look the best.
FCX is a good copper play on what is a decent support area
a move to the upside is proabable but we would prefer a small position size since :
1) the R of 1.29 isn't the best and
2)MACD doesn't look the best.
Comment:
initial profit point hit so it's possible to take some profits there and move SL to breakeven. For those sticking with our usual strategy, just let this one run until an outcome is obtained either SL or TP