Consider this FCX bullishly biased, at-the-money vertical call spread expiring in April.
A massive selloff sweeping across the market Friday, Feb. 2, made sure to make its way into the energy sector, sending the stocks of oil and gas producers and metals miners down the tubes.
The stars are aligned for FCX and another look at the charts is definitely in order.
There probably will not be a trade war, beyond the intention of making a point.
U.S. oil and natural gas drilling rigs climbed by 15 this past week as oil futures play footsie with $70 per barrel and talk swirls around a potential pickup in oil and gas industry M&A.
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