Glencore Xstra

Ah thats just brought a smile to my face. What a beautiful place & so peaceful. I'm jealous.

I have moved SL to above B/E so its a free trade.

You can call it a W, I H&S, start of Wave 3, Trend reversal etc
Weekly looks good, daily looks strong
Its flirting with 200DMA (357). 357 is also a previous high.
A close above 357 will open the doors to 390-395

PS - Off to Turkey, Fethiye on Friday for some beach & sun for 10 days and yeah agree thats what we live for - little Jollies of life!

Kudos RC - another good call (so far! )




I wonder, is that a geniune "W" formed in the Daily chart? I think Bollinger rules state something about the 3 point piercing through the moving average line - not sure!

Anyway, here's hoping the upsurge continues (I think the US market sell off will be halted by HP's after hours move)... Let's see eh!

Good Luck


p.s. that slice of the pie has been spent paying for bills etc... Oh well, it's what we live for!

Thanks for the heads up about ex-div. I had a look its tomorrow.

I'' confident with the trade and dont like moving stops so will leave it as it is.

My target is 395.

GL with your CFD holding & enjoy your slice in the pie (6.5 p roughly)

Hi RC,

I hold GLEN CFDs (following the conversion of my XTA lot), and I think tomorrow is ex-Div day so beware - perhaps you might want to adjust your stop-loss to account for this in any case.

I've attached 3 charts: daily, hourly, and 15mins - and neither offer me any conclusive signals.

At a stretch, perhaps the daily suggests further upside for a bit longer. The Hourly suggests (perhaps!) a quick short, and the 15min chart suggests that a long might be on the cards - but no confirmation!

Will continue to watch this one with interest!

p.s. Off-Topic.... GOLD and cable (GBP/USD) have caught my eye, as I reckon the former might have a double bottom, and the latter might have a double top... I'll have a closer look, and will post charts if there's anything there of note!

Good luck!

Long @ 340
SL below 330