So far my short for FCX did not work as expected. Rather than bouncing off the top channel it pierced through. None the less, I am still keeping my short position in FCX and will reassess my decision at the close. This jump in FCX was largely contributed by the better than expected ADP number sparking a 4.5% jump in copper prices and a 0.7% jump in gold prices as of now. MACD is also showing a peak at 0.92 so even though my short did not work as expected I am still expecting a pull back to at least my break even level. Will see how the close goes.
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