Time for a MAJOR “Trend Change?”

Time for a MAJOR “Trend Change?”

CLICK ON CHART TO ENLARGE Commodity Research Bureau Index (CRB) of late hit its 61% fibonacci retracement level at (1) and at the same time FCX was creating a bearish rising wedge at resistance point (3). Major Trend Change at hand?  Too early to tell,...
Copper/FCX “Tripping” update

Copper/FCX “Tripping” update

Patterns suggested that Copper and Freeport McMoran were at price points that they could get “tripped up” and decline. (see post here) CLICK ON CHART TO ENLARGE Since that post, FCX has broken a key support line dating back to the July lows.  A...