Freeport-McMoran has been in a choppy consolidation mode, with a bit of bearish bias. So far, it looks like this is still the mode, and price is likely going to chop down to another low on the year.FCX Daily Chart(click to enlarge)Support Cracked, Momentum Turning Bearish:- The daily chart shows a couple of rising support trendlines for a rising channel.- However, we can see price cracking these support lines.- The 200-, 100-, and 50-day simple moving average also didn't provide support.-The RSI reflects a sideways momentum, but there is some bearish bias building. - Most importantly, price action just screams bears-in-charge.- We will probably see the FCX share price back down to the $14 area for a new low on the year.