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Joined Apr 1, 2010
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Updated Freeport Monthly Chart

Premier copper (and gold) miner Freeport McMoRan’s chart is still a mess since the January 2011 Dark Cloud Cover candle printed, which I described all the way back then as it was happening in this video. While not quote as reliable of a broad market “tell” as it used to be, I am still watching this major support area, as you can see by the lower purple line below, to see if it holds. If it does, we might see some relief in the commodity and miners soon.

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FCX

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