FCX:longterm upchannel & shortterm downchannel; bounce soon

٢٨ أبريل ٢٠٢٢

FCX is the largest copper producer & copper is very impt to the economy. It is making a longterm upchannel & a shortterm downchannel & the 2 will cross path soon at their lows somewhere below 40.
Below 40 will be a great place to start accumulating & then trade the range between 40 & 50.
Geopolitical tensions & China lockdown may drive price below 40 temporarily but demand will soon kick in.not trading advice