See also
26.05.2025 06:59 AMBuy Recommendation: Freeport-McMoRan Copper & Gold (#FCX)Freeport-McMoRan is one of the world's largest producers of non-ferrous metals.
On the daily chart, the correction has been completed, with the price consolidating above the support level at 37.18 and above the MACD balance indicator lines. The MACD line is turning upward, signaling the market's readiness for medium-term growth. The Marlin oscillator is also turning upward and remains in positive territory.
Target levels for the move:
Hedge: Short Position in International Paper (#IP)International Paper is a major producer of paper-based products.
On the daily chart, the price has returned below the balance and MACD indicator lines after reversing from the resistance level at 50.67, corresponding to the September 2024 peak. This was most likely a false breakout above the indicators, similar to what occurred on March 25–26 (highlighted with a gray rectangle). The Marlin oscillator is approaching the boundary of the downtrend territory.
Nearest downside targets:
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