Just my opinion: don't base buy /sell decisions on a specific price range.
Commodities are out of action for now but they'll return later in the year -- just much cheaper than they were a few days ago.
Watch for renewed accumulation and positive sustained money flows. Look for gap-ups on above average volume, especially if volume on gap up day is significantly higher than last 8-10 sessions.
Plenty of other sectors taking off now, best to look for new leaders while commods take a breather and "repair" themselves for the next cycle up. Some analysts say this process may not end until early summer at best.
DISCLOSURE: I sold my FCX a few days ago. Also a big fan of Investor's Business Daily & William O'Neil.
Well, although I don't rely on TA, I do recall that Mary said something about when the 3 crosses the 5 (going down) and the 5 is higher than the 3, such as this chart shows, that this is not a good sign! Heck, I wouldn't know, but some others on this board might know!!!