Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is a leading copper stock that is often viewed by traders and investors as a copper barometer. The stock has sold off sharply since April 6th, dropping over 10 points from a high of 88.30. Short term the stock is oversold at these levels on the daily chart.
Today FCX has rallied sharply off the lows this morning to go positive on the session. The stock will have minor intra-day resistance at 78.65 and stronger short term intra-day resistance at 79.45 – 79.50 level. Know your key levels, earn consistent profits
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