Freeport-McMoran $FCX was in a bullish breakout last week. We noted that FCX share price held bullish momentum and was pushing above a range resistance. FCX Daily Chart(click to enlarge)Resistance at 17:- As we can see on the daily chart, price action has been bullish in a rising channel since 2016.- This trend appears to be intact, but we should still respect the current 52-week high around 17.00. - At least in the short-term we should expect some selling here. - But if the bullish trend is on, FCX should probably respect the consolidation it just broke as support. In other words, it should find support around 15.00.- Above 17, there is upside first to the 20 mark, and then towards the 24 level, which was the 2015-high.