Glencore PLC

www.dailymail.co.uk/money/markets/articl...dity-price-drop.html

Thanks Guys,

Heres wishing the gap gets filled... tomorrow would be a good day judging by the trend today.

TF,

This is from todays III .. hope this helps..
I wanted to buy around 70p, then saw an article saying this could go down to 37p..so didnt buy.
But,I may... if I get a chance... ta G
China is still slowing down..
www.iii.co.uk/articles/272652/chart-week...-glencore-and-others

taking another look Glen...

This needs to hold onto the 20 day moving average at 107.75p (today), to hold onto the gains from this rebound of the lows.
i was thinking it may be a good idea to go long at the 20 day...not so sure now...
if i do go long at the 20 day, it will be with a very tight stop...
a drop below the 20 day, should see 97p gap level, and below that 65p again?!?!

Really this needs to get above the trendline and the 50 day ema, which in itself is acting like a trendline to have a bullish outlook....

uk.advfn.com/p.php?pid=chartscreenshotsh...E%3D&symbol=L%5EGLEN

Regards,
Trendfriend.

Thank you for all the replies, I am really enjoying glencore, it's been a while, (Xel has been taking all my time and money but decided to sell some and invest in Glen again) you have all been a great help, used to read Paitech and remo in the day on ill.

What rises quickly often falls quickly!

Agree on 20SMA at 110 but the more solid support is in the 94.50 to 99 area.

Gap is 96.34 - 99.02 and 61.8% fib is at 94.50. If that coincided with an RSI back test then that would add confidence.





F4T