Re: Freeport shares fall...Copper chart *PIC*

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In Response To: Freeport shares fall as copper prices slides (FCX) *PIC* ()

Copper hung in there well today despite the warning sign on FCX's chart. It did close below the 20dma for the fifth consecutive day, so that bares watching. Indicators have been trending down, but remain above 50 on the RSI and zero on the MACD. Good support can be found immediately below at the $410-425 area, coinciding with the 50dma as well. Keep an eye on FCX, as it has a good history of telegraphing corrections in this metal, similar to what SLW did in advance of this month's decline in Silver.

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Re: Freeport shares fall...Copper chart *PIC*

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