{"id":1050,"date":"2019-07-02T23:59:15","date_gmt":"2019-07-02T22:59:15","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1050"},"modified":"2019-07-03T08:39:11","modified_gmt":"2019-07-03T07:39:11","slug":"glencore-for-3-07-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/07\/02\/glencore-for-3-07-2019\/","title":{"rendered":"Glencore for 3\/07\/2019"},"content":{"rendered":"\n

#Nasdaq #CAC40 <\/strong>Our last public review<\/a> of Glencore was back in February this year, when we provided criteria for a 10% share price rise. Despite relative chaos in the world of heavy metal, this ambition was successfully achieved and exceeded. What has happened since is melting our collective brain cell!<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

At present, the share is trading around the 279 level \nand unfortunately, despite beating our prior secondary target with a lunge to \n340p, the price has broken the uptrend since the start of 2016 and in doing so, \nis painting a series of “lower lows”. From our perspective, the news is quite \ngrim as trades below 248p (which we suspect shall happen) look capable of \ndriving reversal down to an initial 228p. <\/p>\n\n\n\n

Worse, if such a level breaks, our secondary is a \ntheoretical “bottom” of 193p. We’re forced to use the term “bottom” quite \nloosely, thanks to the visuals tending suggest 132p should be “bottom” for a \nreal bounce. To achieve such a low, we’d suspect either negative news flow or, \nmore probably, negative market conditions, shall conspire to provoke 132p making \nan appearance.<\/p>\n\n\n\n

At present, the share price needs exceed 300p just to \nregain the prior trend. In such an event, we calculate an initial price target \nof 312p with secondary, if bettered, a pretty comfortable looking 346p.<\/p>\n\n\n\n

For now, we fear the worst, suspecting 132p shall prove \nirresistible.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

10:50:23PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

62.69<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:52:12PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1419.19<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:55:04PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7573.98<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:57:14PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5580<\/font><\/TD>

\n\t

5554<\/font><\/TD>

\n\t

5535.5<\/font><\/TD>

\n\t

5510<\/font><\/TD>

\n\t

5590<\/font><\/TD>

\n\t

5590<\/font><\/TD>

\n\t

5599<\/font><\/TD>

\n\t

5614<\/font><\/TD>

\n\t

5561<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

10:58:53PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12559<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

11:01:28PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2974.87<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

11:03:39PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26801<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

11:06:34PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7814<\/font><\/TD>

\n\t

7735<\/font><\/TD>

\n\t

7703<\/font><\/TD>

\n\t

7665<\/font><\/TD>

\n\t

7798<\/font><\/TD>

\n\t

7820<\/font><\/TD>

\n\t

7834.5<\/font><\/TD>

\n\t

7871<\/font><\/TD>

\n\t

7762<\/font><\/TD>

\n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

11:08:29PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21693<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n\n<\/TABLE>\n\n

2\/07\/2019 FTSE Closed at 7559 points. Change of 0.83%. Total value traded through LSE was: \u00a3 6,102,081,659 a change of 7.26%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Nasdaq #CAC40 Our last public review of Glencore was back in February this year, when we provided criteria for a 10% share price rise. Despite relative chaos in the world of heavy metal, this ambition was successfully achieved and exceeded. What has happened since is melting our collective brain cell! At present, the share is … <\/p>\n

Continue reading “Glencore for 3\/07\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1050","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1050"}],"version-history":[{"count":2,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1050\/revisions"}],"predecessor-version":[{"id":1052,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1050\/revisions\/1052"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1050"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}