FCX Pops on Higher Copper Prices, Tests 10 Month Resistance Line
FCX has gapped up this AM, and is challenging its 10 month resistance line, now in the vicinity of 15.45, which if hurdled and sustained on a closing basis, will trigger potential to my next projected target zone at 17.00. Only a failure to sustain above 15.45 followed by a decline that breaks 14.30 will wreck the current set up.