Freeport McMoran based in Arizona, USA is the largest copper and molybdenum producer in the world. In 2015 , 67% of revenues were from the sale of copper, 11% were from the sale of petroleum, 10% from the sale of gold, and 5% from the sale of molybdenum. Without doubt the company balance sheets have suffered in the commodity price declines […]

Best reading of Elliott wave cycles suggests rally to 7091.7 ended wave ((w)). The Index is currently in wave ((x)) pullback as a double three where wave (w) ended at 6892 and wave (x) ended at 7040. While bounces stay below 7040, and more importantly below 7091.7, expect more downside in wave (y) of ((x)) towards 6788 […]

Best reading of Elliott wave cycles suggests rally to 7091.7 ended wave ((w)). The Index is currently in wave ((x)) pullback as a double three where wave (w) ended at 6892 and wave (x) ended at 7040. While bounces stay below 7040, and more importantly below 7091.7, expect more downside in wave (y) of ((x)) towards 6788 […]

A month ago, everyone went crazy about the crash in Deutsche Bank stock price after hitting record new lows calling for a ” Lehman Brother ” reply scenario meaning the bank filling for bankruptcy . However the DB stock price was at the technical area to end at least the cycle from 03/14/2016 peak and start a 3 waves bounce , […]