To follow-up on my last post about Caterpillar, Freeport is also now in a tricky spot on a longer-term timeframe.
Note how price is down leaning down against major support in the low$-30’s. After the first few touches, probing support too much can be a huge red flag of it about to be breached.
These are major levels, which is why I am emphasizing them so much. Watch them.
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