I believe that Glencore is in the process of a corrective move up with a little bit more to run. I am waiting to see if there is a retracement coming before perhaps jumping on for the ride.
Hi Everyone, hope you are all doing well. Glencore (GLEN) appears to be in a corrective structure so we are waiting for the sell setup. Stay tuned for updates as the trade become active.
UP trend line was broken Seems that bearish Flag was formed => Short. ALT Bullish triangle is possible
go up due to recent commodity going up, will it ends here?
go up due to recent commodity going up, will it ends here?
On a dip to fill gap sub 90 TP1 gap above 150 - Seeding pattern on weekly (green dashes) - Bear trend line break with confirmation of wkly seed pattern
Glencore 2021 bond just below Aug lows!!! GLN CDS skyrocketing. IG rating not justifiable any more. Either delisting from markets or default.
Rally back to high volume resistance at 2.05. Also, 2.05 is the price level with the most TIME as well and is nearly a 100% rally from the low at the end of September. The CCI(11) is overbought, of course, since it just rallied 9 days from 1.07 to 2.076, a full 1.00 move. Risk 10% to 2.25 Target -20% to -25% to 1.60-1.50 Tim 10/9/2015 10:15AM EST