After hours high for $TNA was 97.33, on this clean chart here (link) and (link), you can observe the hit at the 4.236 extension that we have been tracking from the lows, and here want to extend, because for some time we have been very cautious with this market; we have considered that the 4.764 extension located at 101.42 is strong enough to stop this move and provide a decent pullback, but considering the microstructure, the blue 1 up, (link) and for as long as the market holds ─ideally but not necessarily─, above 93.95 is probable that the market breaks out above our resistance level with ideal target for this leg up at the 104.91-105.89 range.
A break under 90.56, last low, would invalidate these scenarios and we would maintain our solid buying areas detailed previously.
$FCX:
Supports for FCX are at 15.52 and 15.37, it is a stock in which we have no opinion, but setup is too good to ignore, so we are long.
