FCX down to $35, then $25

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FCX down to $35, then $25Freeport-McMoRan, Inc.BATS:FCXVio20Looks like a clear downtrend back down to $35. Watch what happens at $35. - how much demand - only only short-term or longer-term demand Here rice will get a change to pop higher, and potentially challenge this current downtrend. But likely, price will still continue to fall lower. No guarantee it will reach as low as $27, need to watch as price unfolds. But wouldn't be surprised to see this happen, then have some bullishness enter the market (whether for the short- or long-term period).