{"id":1226,"date":"2019-09-22T23:06:31","date_gmt":"2019-09-22T22:06:31","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1226"},"modified":"2019-09-23T08:20:45","modified_gmt":"2019-09-23T07:20:45","slug":"glencore-for-23-09-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/09\/22\/glencore-for-23-09-2019\/","title":{"rendered":"Glencore for 23\/09\/2019"},"content":{"rendered":"\n

#BRENT #DAX <\/strong>Our July report (link<\/a><\/strong>) explained the chances of Glencore hitting 228p. It did but something funny happened. The price did not actually break 228p on the first surge downward. By normal rules, this is a good thing, suggesting we should not be terribly worried at the share pivoting above and below the 228 level in the weeks since. <\/p>\n\n\n\n

We’ve been keeping a slightly mad eye on some of the \nmajor shares, looking for early warning signals the market is about to be \ntrashed by the effect of Brexit. While the retail banks all appear to be \nwandering around ringing sad bells to keep the unwary clear, there are pretty \nmixed signals amongst many other shares. Some of the major miners (Fresnillo for \ninstance) adopted a stance of utter defeat some time ago, others like Glencore \nare sending slightly different signals. Equally, amongst Oil shares, the \nsituation is far from clear and overall we’re forced to conclude no-one has a \nclue what effect Brexit shall bring.<\/p>\n\n\n\n

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

In-house, we suspect a dip before the actual Brexit day \n(whenever that is) followed by strong market recovery with the first piece of \npositive news. Our basis for this is fairly straightforward – sometimes things \nneed a good shakeup.<\/p>\n\n\n\n

As for Glencore, since hitting our 228p, the price has \nmoved in a fairly predictable fashion with the result it need now only trade \nabove 263p to become useful. Exceeding a trigger such as this should enter a \ncycle to an initial 270p with secondary, if bettered, a longer term 304p. \nVisually, we’d be quite enthusiastic to witness 304p against this as further \nconfident growth looks extremely possible.<\/p>\n\n\n\n

That’s the end of the good news. We’re basing a lot of \noptimism on 228p not breaking on the first downward surge. (It actually hit \n227.95p but we’d inclined to believe this a callibration error)<\/p>\n\n\n\n

Now below 218p and travel downhill to an initial 204p \nlooks possible. If broken, secondary calculates at a bottom – hopefully – of \n132p.<\/p>\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

1:55:44PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

63.92<\/font><\/TD>

\n\t

62.82<\/font><\/TD>

\n\t

60.86<\/font><\/TD>

\n\t

57.64<\/font><\/TD>

\n\t

64.6<\/font><\/TD>

\n\t

64.87<\/font><\/TD>

\n\t

65.53<\/font><\/TD>

\n\t

66.56<\/font><\/TD>

\n\t

63.3<\/font><\/TD>

\n\t

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

\n\t

1:57:57PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1517<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

2:45:35PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7324<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

2:48:12PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5663.7<\/font><\/TD>

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

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

\n\t

2:52:36PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12469<\/font><\/TD>

\n\t

12392<\/font><\/TD>

\n\t

12346.5<\/font><\/TD>

\n\t

12292<\/font><\/TD>

\n\t

12483<\/font><\/TD>

\n\t

12492<\/font><\/TD>

\n\t

12519<\/font><\/TD>

\n\t

12592<\/font><\/TD>

\n\t

12415<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

2:56:15PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2987.42<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

3:01:32PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26908<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

3:12:11PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7810.74<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

3:24:30PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21967<\/font><\/TD>

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

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

\n\n<\/a><\/font><\/p>\n

20\/09\/2019 FTSE Closed at 7344 points. Change of -0.16%. Total value traded through LSE was: \u00a3 12,670,572,411 a change of 125.4%<\/h>\n","protected":false},"excerpt":{"rendered":"

#BRENT #DAX Our July report (link) explained the chances of Glencore hitting 228p. It did but something funny happened. The price did not actually break 228p on the first surge downward. By normal rules, this is a good thing, suggesting we should not be terribly worried at the share pivoting above and below the 228 … <\/p>\n

Continue reading “Glencore for 23\/09\/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-1226","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1226","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=1226"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1226\/revisions"}],"predecessor-version":[{"id":1227,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1226\/revisions\/1227"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1226"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}