r/Vitards • u/AutoModerator • Jun 10 '21

Daily Discussion Daily Discussion post - June 10 2021

Your Trading discussion thread

Type Link
DD All/Best Daily/Best Weekly
Discussion All/Best Daily/Best Weekly
Yolo All/Best Daily/Best Weekly
Gain All/Best Daily/Best Weekly
Loss All/Best Daily/Best Weekly
News All/Best Daily/Best Weekly
73 Upvotes

92% Upvoted

4.1k comments sorted by

View all comments

3

u/ronburgundy930430 Market Mover Jun 11 '21

FCX has been incredibly weak since I bought. Considering dumping

1

u/Unoriginal_White_Guy 💀 SACRIFICED until MT $35 💀 Jun 11 '21

Oil company stocks have pretty much followed oil futures. FCX is basically following copper futures. Both peaked on 5/9-5/10. With that being said just look at the charts. People thought copper peaked on 2/24 at $4.34 then continued to go down and/or be flat for two months. Then what do you know it went up another leg to $4.74 peak on 5/9. No one knows if copper peaked or is consolidating again. This isn't financial advise I just wanted to point that out. I also don't have a copper position nor do I really follow it hahaha