Glencore Dec16Looking like long term trend line resistance eroded but looking to sell corrective pull back.
0IVW trade ideas
Glencore shortResistance rejection at low volume and further selling pressure.
Right shoulder formation at low volume support.
expecting a break of support and then selling down to high volume node after a retest
set up would only be valid if the retest fails and support becomes resistance
Glencore LongWould expect a movement into low volume and a rejection back to test the value area high. Metals are bullish and so I would expect further investment into mining firms.
Glencore – 186.15 is a strong supportGlencore’s brief dip below hourly rising trend line followed by a quick recovery above 186.15 (38.2% of 379.40-66.70) has kept the doors open for a re-test of 190 levels.
The hourly indicators- MACD and RSI have turned sideways, leaving little room for a guess work. However, on the daily time frame RSI is losing height from the overbought territory, while MACD has turned bearish.
Thus, the odds of a corrective move to 180.00 are high. A violation there could yield drop to 170.00.
On the higher side, a day end closing above 192.00 would open doors for 200+ levels.
Another leg up for Glencore. Jump on after retracement.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.
Glencore in a corrective structureHi 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.
Glencore. Short. 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?
Glencore Gap HoppingOn 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: Target 0Glencore 2021 bond just below Aug lows!!! GLN CDS skyrocketing. IG rating not justifiable any more. Either delisting from markets or default.
GLNCF Glencore PLC - Daily - Sell Short Here - Max Resistance 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
