It has a purely educational aspect
Glencore is still a short opportunity but mid-2022 looks to be the end of long run commodity bear trend. The company has a diversified basket of commodities, including nickel, which is famous because of electric vehicles. *This is not a financial advice.*
Have a great day
Glencore - 8GC Next resistance around 4.80 region. I stay bullish and keep everything while it stays in the blue chanel.
I'm long $GLCNF/$GLEN here. I like the outlook for Cobalt, as the EV race intensifies. Supply of this metal is constrained, and as demand surges, prices will follow, intensely. With some luck, I'm correctly calling the bottom of this pullback, which gives us a low risk to join this trend. I'm already positioned from lower levels in $VALE, and also in $BHP, and...
Looking like long term trend line resistance eroded but looking to sell corrective pull back.
Hi Everyone, hope you are all doing well. Glencore (GLEN) appears to be in a corrective structure so we are waiting for the sell setup. Stay tuned for updates as the trade become active.