FCX

Recent price action in copper looks terrible.

Pictured here is the only earnings announcement-related volatility contraction play with the metrics I'm looking for: greater than 70% rank and greater than 50% 30-day (it was 68/55 as of Friday close). Setup Metrics: 3.40 credit, break evens at 20.60/27.40, -8.20 delta, 3.1 theta. Obvious alternatives would be the April 18th 21/27 short strangle paying 1.21...

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...

... for a 1.90/contract credit. Metrics: Max Profit: $190/contract Max Loss/Buying Power Effect: Undefined/~$260 (on margin); full notional (cash secured) Break Evens: 11.10/14.90 Delta: 31.37 Theta: 1.05 Notes: Implied volatility's still pretty high post-earnings at 42%, so taking a modestly bullish assumption shot with a position that emulates the delta...

EARNINGS: The only underlying that interests me for an earnings announcement-related volatility contraction play this coming week is TWTR (62/67). Preliminary Setups: March 15th 28/38 Short Strangle (Pictured): 1.73 credit (.87 at 50% max), break evens at 26.27/39.73, -8.98 delta, 4.78 theta. March 15th 25/28/38/41 Iron Condor: 1.01 credit (.50 at 50% max),...

In the weeks to come, it looks like FCX is setting up for a major bottom akin to the preciohs metals miners imo. The monthly stochastics is still down, so one for the watchlist. Price action looking good so far…

This chart is meant to show direction, potential target and stop loss. AUDUSD bullish set up: - Strong break above resistance (MAs). - MACD bullish crossover. - Bullish RSI. If you would like to see all details for this trade: entry, target and stop loss... Leave me a message and a like. Thanks a lot for reading. Namaste.

After a short break for shortened trading weeks for the Christmas and New Year's holidays (how bout them holiday markets, huh?), I'm back to my regular routine. Here's what's on tap for the coming week ... . Earnings: I'm not seeing much on the earnings front for volatility contraction plays or premium plays in high implied volatility around earnings that are...

FCX CHANNEL BROKEN WITH A NICE CANDLE. TAKE PROFIT: 14.5 STOP LOSS: 11.5

EARNINGS WITH A RANK >70/IMPLIED >50: CRM (81/52): Announces on Tuesday after market close. The pictured defined risk setup pays a greater than a one-third of the wing width 1.89 with break evens between the expected and one standard deevy. ANF (68/86): Announces Thursday before market open. The Dec 21st 16 short straddle was paying 3.04 as of Friday close;...

FCX has broken the daily correction. I'm expecting a downtrend continuation. Look to the price action for a potential pullback.

FCX * Freeport-McCoran Mining LG CAP $19B hurt by copper imports to China and copper prices being low. * FCX also mines Nickel and Cobalt along with copper and both are needed for EV. * HG * LRN * Cobalt value increasing but larger play still copper * VIX For own use and reference for entry.

TSX: LUNLUN NYSE:LUNMF LUNMF Lundin Mining is a mid-cap mining company that will benefit from rising cobalt prices and demand. Waiting for bounce off likely 4.55 for entry, or 4.35-4.40 range, and not likely lower $4.06-4.10 Fib retracement. RSI going above 50 with 1w chart shows good entry with lots of scribble correlation. Sorry for the business, I mean...

Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!

Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!

The copper trend should commence once overhead resistance is taken out. Wave 3 should bring us to $3.42 per lb before our ultimate target of $3.50 - $3.60 later this year!

After a strong bearish move price has pull back to a key resistance level of 16.70 -17.00. This is a key area to begin watching for bearish price action in the form of bearish pin bar, engulfing bar, evening star, etc. The next key support level below is 14.00 which makes a good profit taking level and could make for an attractive risk/reward scenario. An...

Attempt to storm the key level $ 20. FCX 2.40% is one of the shares, which shows a propensity for growth, against the general background of its slowdown. Two variants of the development of events are shown above in the graph. We will transfer the position to the breakeven, in case of a price delay near the key level. P/E 15.90 Forward P/E 13.86 Open 19.49...