FCX
Updated
The technical pattern is easy to understand the initial shock to lower prices in the $34 area bottom and the bounce off the bottom and now we must digest.
The fundamental analysis is also very easy to understand, with recession we see lower copper demand and hence prices.
B ut we are dealing with the largest copper miner in the world and we should have expected the drop and when the turn came we should have bought. We should ride the trend until the MA crosses over.
The fundamental analysis is also very easy to understand, with recession we see lower copper demand and hence prices.
B ut we are dealing with the largest copper miner in the world and we should have expected the drop and when the turn came we should have bought. We should ride the trend until the MA crosses over.
Trade closed: target reached
Trade closed: target reached
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