#GOLD #FTSE Once upon a time, there was a company called Xstrata/ We liked them, their share price movements making a lot of sense from our perspective, and one day they were gobbled up by Glencore. The emergent company had a share price which made little sense, movements only starting to fit our logic once they ditched the link with Xstrata in their name. Now, with Glencore and Rio Tinto talking about a megamerger, things allegedly should be confident for Glencore’s share price.
Unfortunately, in what seems the majority of cases where a merger takes place in the public eye, it’s unusual for share prices to do what used to happen in the old days (ie; run amok)
From the perspective of signs which generally presage share positive share price movements, since October last year, Glencore has luxuriated in them. Firstly, we saw the price exceed 358p in October, exceeding the level of trend break in February 2025 and giving what’s generally a pretty solid suggestion happy days were coming. Secondly, at the end of December last year, the share price rejoined the Red uptrend since 2020.in something we generally regard as a copper bottomed reason to anticipate growth. And finally, at the start of this year, the share price exploded above the Blue downtrend since 2023. completing a triumvirate of signals which, believe it or not, collectively pointed to a Big Picture potential lurking at a distant 765p ambition for the share price.
Is it going to happen?
We think not, simply do a suspicion share holders will be excluded from any abnormal financial benefits due to a merger. For reasons which escape us, it seems the prevailing mood in the market is for shareholders to accept the annual dividend, enjoy the raptures of price movements which echo the overall market, and be good little boys, leaving “corporate” to do its thing.
We shall certainly know soon enough as any one of the three positive signals we highlight should create a situation, where movements above 470p should now promote price nods in the direction of an initial 510p with our secondary, if bettered, at 571p and the visual prospect of some market hesitation.
Should things intend go wrong for Glencore, below 400 will certainly tick a fairly major box, pointing at the risk of reversal to an initial 360 with our secondary, if broken, a bottom at 279p.
For now, the best we fear will be an attempt shy of the 571p level. Only closure above such a point will justify a little bit of drool, when dreaming of our future calculation at 765.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:23:37PM | BRENT | 6402.4 | |||||||||
| 10:30:03PM | GOLD | 4597.49 | 4563 | 4537 | 4506 | 4602 | 4633 | 4660 | 4681 | 4593 | Success |
| 10:33:50PM | FTSE | 10140.5 | 10094 | 10072 | 10046 | 10122 | 10151 | 10163 | 10186 | 10125 | |
| 10:36:17PM | STOX50 | 6023.6 | |||||||||
| 10:48:54PM | GERMANY | 25437.5 | |||||||||
| 10:52:01PM | US500 | 6972.6 | ‘cess | ||||||||
| 10:54:29PM | DOW | 49537.4 | Shambles | ||||||||
| 10:57:41PM | NASDAQ | 25772.4 | ‘cess | ||||||||
| 11:00:40PM | JAPAN | 54056 | ‘cess |
12/01/2026 FTSE Closed at 10140 points. Change of 0.16%. Total value traded through LSE was: £ 5,770,093,543 a change of -6.73%
9/01/2026 FTSE Closed at 10124 points. Change of 0.8%. Total value traded through LSE was: £ 6,186,252,560 a change of -4.13%
8/01/2026 FTSE Closed at 10044 points. Change of -0.04%. Total value traded through LSE was: £ 6,452,774,443 a change of -6.4%
7/01/2026 FTSE Closed at 10048 points. Change of -0.73%. Total value traded through LSE was: £ 6,893,889,555 a change of 3.63%
6/01/2026 FTSE Closed at 10122 points. Change of -100%. Total value traded through LSE was: £ 6,652,466,467 a change of 0%
5/01/2026 FTSE Closed at 10004 points. Change of 0%. Total value traded through LSE was: £ 6,250,989,253 a change of 0% 
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AAL Anglo American** **LSE:AFC AFC Energy** **LSE:CNA Centrica** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SCLP Scancell** **
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Updated charts published on : Anglo American, AFC Energy, Centrica, MAN, Fresnillo, Glencore Xstra, Oxford Instruments, Rolls Royce, SAGA Plc, Scancell,
LSE:AAL Anglo American. Close Mid-Price: 3252 Percentage Change: + 1.12% Day High: 3281 Day Low: 3220
Target met. In the event of Anglo American enjoying further trades beyond ……..
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View Previous Anglo American & Big Picture ***
LSE:AFC AFC Energy. Close Mid-Price: 11.92 Percentage Change: + 3.83% Day High: 12.2 Day Low: 11.66
Target met. In the event of AFC Energy enjoying further trades beyond 12. ……..
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View Previous AFC Energy & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 181.5 Percentage Change: + 0.30% Day High: 182.35 Day Low: 177.55
Target met. In the event of Centrica enjoying further trades beyond 182.3 ……..
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View Previous Centrica & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 256 Percentage Change: + 0.08% Day High: 257.2 Day Low: 251.8
All MAN needs are mid-price trades ABOVE 257.2 to improve acceleration to ……..
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View Previous MAN & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 3734 Percentage Change: + 6.50% Day High: 3784 Day Low: 3654
Target met. In the event of Fresnillo enjoying further trades beyond 3784 ……..
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View Previous Fresnillo & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 468.5 Percentage Change: + 3.50% Day High: 468.9 Day Low: 453.55
Target met. In the event of Glencore Xstra enjoying further trades beyond ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2150 Percentage Change: + 1.90% Day High: 2205 Day Low: 2105
Further movement against Oxford Instruments ABOVE 2205 should improve acc ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 1287 Percentage Change: -0.50% Day High: 1302.5 Day Low: 1286
Target met. All Rolls Royce needs are mid-price trades ABOVE 1302.5 to im ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 437.5 Percentage Change: + 1.16% Day High: 443 Day Low: 420
Continued trades against SAGA with a mid-price ABOVE 443 should improve t ……..
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View Previous SAGA Plc & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 12.25 Percentage Change: + 8.89% Day High: 12.25 Day Low: 11.25
Target met. Further movement against Scancell ABOVE 12.25 should improve ……..
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View Previous Scancell & Big Picture ***