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.
GLENCORE PLC SELL TARGET 86.50 The Major trend of GLENCORE PLC is showing strength for selling. If it breaks the Support level then one can initiate selling position in the stock. Support level of 86.50 Target of 82.50 with the stop loss of 90.50 CHART FORMATION:- Stock is trading in a range and trading near the trend line. Breaking the support line will...
GLENCORE PLC SELL TARGET 156 The Major trend of GLENCORE PLC it is showing strength for selling If it breaks the support level then one can initiate selling position in the stock. If it cross the level of 66.90 then it can test level for the target of 63.90 with the stop loss of 69.90 CHART FORMATION:- Stock is trading in a range and trading near the trend...