Go Short Glencore
The Glencore share price has broken out of the upward channel and is showing a potential to come off further from its current price. The entry level for the trade is if the share price goes below 6100c with the potential to reach 5600c.
Trade summary:
Stop loss: 6400c
Entry (SELL): 6100c
Target price: 5600c
Remember... trade responsibly, your capital is at risk and trading can lead to capital losses.
Until next time, I wish you profitable trading.
All charts sourced: Bloomberg
Odwa Magwentshu | Trading Specialist at GT247.com
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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