Technical trade note Glencore PLC (GLN) (15/05/2018)
Glencore PLC (GLN) is setting up for a buy if we can get a close above 6492c per share. The technical setup looks great and we can see an inverse head and shoulders pattern forming which is signalling a reverse in the price to the upside.
Full trade summary and chart below:
Trade: Glencore PLC (GLN)
Source: Bloomberg
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.