GT247.com Trading Blog

Glencore Technical Take

Written by Odwa Magwentshu | 26 Sep 2017

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
 

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