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RossLarter

GLN - Consolidation Breakout

Short
GLENCORE PLC (VELOCITY:XJSE_GLN_CFD)  
RossLarter  
VELOCITY:XJSE_GLN_CFD   GLENCORE PLC
Trend Analysis Parallel Channel
1
0
trendanalysis parallelchannel
GLN has been trading in a sideways consolidation channel since mid June. Yesterday's price action broke out of the bottom of the consolidation area and today's price action seems to have followed suit triggering our short position. We are aiming for a target down at the R87 level.
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