Elliott Wave Live: Stalking FCX Trade Set-Up

Tuesday, November 23, 2010

Stalking FCX Trade Set-Up

I am looking for a possible long entry for FCX around 90-92 whereas w.(4) correction should terminate in the range of the previous fourth wave (see KS = key support) and where w.c=w.a.

As most readers know copper mining is FCX's primary business. Looking at the weekly chart of copper futures (HG_F) as well as the daily chart level supports the interpretation for higher prices in FCX once w(4) has completed.

Look for future flash alerts!

Best of Trading

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Tuesday, November 23, 2010

Stalking FCX Trade Set-Up

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