GLEN: Glencore Support and Resistance

support: 355.5,,351.3,,343.5,,330(up trend line)
Resistance: 381.2,,386.9(down trend line),,400,,440

i say for ever but will only delete post that are not popular if it takes up too much space on the server.This will be a last resort. Wont be happening for a very long time.
remo

it should stay there for ever. Obviously levels change so may need updating latter.
remo

morning remo, thank thank you for your help, how long will these answers stay on the board, (just incase i need to look back.
els

dl.dropbox.com/u/4899609/glencore21stoct.jpg

Support.345(21ema),,331(up trend line major+Horizontal support+61.8fib),,320.9(gap),,313.1,,299.6,,289.3

Resistance. 355,,362(gap),,374(200sma),,380.75,,400,,416(down trendline),,440,,444,,484,,509,,550

The best level to go long on this will be the 331 area as there's 3 levels of support. You have your main trend line and Horizontal support and the 61.8 fib. Thats a clear area to go long at on first attempt. This how ever has already bounced of that level (61.8 fib) but now will have added support from the up trend line which when it bounced was not that far away but now its more or less there.
In the past few days you also got the macd buy signal generated so its kind of bullish short term. But that will all change if 331 get broken and finishes below.






dyor
remo