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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Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of 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. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


$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 articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of 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. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.