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FCX - Freeport Mcmoran Copper (NYSE Stock)
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| Precious Metals, Rare Earth And Commodities Stock Forum, Gold, Silver, Platinum, Etc. Discussion of metals and commodities including stocks, physical ownership, trends, ideas and theories. This forum is open to questions or anything related to the topics and does not require sticking to the normal SMC thread title posting rules. |
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10-13-2009, 11:44 AM
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Pink Sheet Stock
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Join Date: Sep 2009
Location: NYC
Posts: 63
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FCX - Freeport Mcmoran Copper (NYSE Stock)
FCX is very closely tied to the U.S. Dollar as it is a play on copper. The intraday double bottom is holding up well so far as support. There is also support at the 73.00 level with the 200 moving average on the 10 minute chart. Use the charts and the moving averages as they represent good support levels. When trading commodity plays it is important to keep watch of the U.S. Dollar. Remember a weak dollar is beneficial for inflationary stocks.
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10-16-2009, 10:52 AM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 10,864
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Re: FCX, Freeport Mcmoran Copper
Great pick!
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10-16-2009, 11:53 AM
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Pink Sheet Stock
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Join Date: Sep 2009
Location: NYC
Posts: 63
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Re: FCX - Freeport Mcmoran Copper (NYSE Stock)
Thanks! hope to bring some more!
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10-16-2009, 11:54 AM
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Pink Sheet Stock
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Join Date: Sep 2009
Location: NYC
Posts: 63
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Re: FCX - Freeport Mcmoran Copper (NYSE Stock)
ORCL is up on the trading session while the market is weak. Watch this resistance level for a pullback at 21.80 -21.86 area.
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03-03-2011, 10:03 PM
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Administrator
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Join Date: Jun 2007
Posts: 12,425
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Re: FCX - Freeport Mcmoran Copper (NYSE Stock)
FCX is in a downward channel. On the break of the chennel FCX becomes a buy.
FCX Chart
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03-04-2011, 09:09 AM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 10,864
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Re: FCX - Freeport Mcmoran Copper (NYSE Stock)
Ohhh.....I like this!!! Thanks GC!
__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
Bottom Plays: RIG BP MCP
SMC - THE BEST STOCK MARKET FORUM
FREE LIVE CHAT if you join Stock Market Cats
"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson
NObama 2012!
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03-23-2011, 10:50 PM
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Administrator
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Join Date: Jun 2007
Posts: 12,425
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Re: FCX - Freeport Mcmoran Copper (NYSE Stock)
Quote:
Originally Posted by BadThad
Ohhh.....I like this!!! Thanks GC!
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FCX has broken the downward channel and is now in my buy zone.
FCX Chart
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01-26-2012, 06:27 AM
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Administrator
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Join Date: Jun 2007
Posts: 12,425
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Re: FCX - Freeport Mcmoran Copper (NYSE Stock)
FCX breaking resistance and looks like its headed for a cup pattern..
FCX Chart
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