Member Request: $FCX Count

A member has inquired about $FCX‘s count. I will discuss these here in a separate post so that if the targets from the last post are hit, I can make that post public for the purposes of advertising without also have to disclose these long-term counts.

On the longest-term, it is possible to count this much like I am presently counting oil, in this case, also as a 1-2-1-2-1-2 pump (of cycle, then primary, then intermediate degrees). I am using the possibility that we are entering a commodities bull market to help guide this count. If we are, commodities-related equities should enter very long-term bullish runs from here. They should see upside for many years.

FCX

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$FCX Bull Wedge and Targets

$FCX presents us with a bull wedge that is breaking out. The initial target the orange box just above us, though I expect this will eventually challenge the old highs, too.

FCX


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.