monty...you are here...that chart looks like lower highs and lower lows...I know you haven't met any millionaire chartist yet.. |
Yes your right near 3 year low, the run will begin soon, should have closed around 365p today, but Trump put a stop to that, volume very low today. The stars started to align for Glen. |
Nothing can stop it going up if fundamentals right ie copper and coal prices. As Jim Carrey says in MASK movie SOMEBODY STOP ME...LOL. |
It is flatlinining due to Trump. Otherwise, we would be at 450p |
Watch this fly like BP... MM Tricks too often.. |
Glen near 3 year lows. Something up here monty |
Copper three month high. |
Agreed. Bit like fres being held back and now starting to blow |
Interesting - the volume it pitiful today. Given copper price movements I thought we would have both volume and share price rises. |
This should be north of 400p... |
Copper highest price since June 2024. |
Good news. https://www.africaintelligence.com/central-africa/2025/02/10/trafigura-comes-to-rescue-of-snpc-by-settling-glencore-debt,110373315-art |
Thought the run up to 19th would start this morning, Trump comments stopped it, bears praying share price does not go above 360.5p. I got a feeling we may resume our run bulls.Good two way tussle between Bulls, Bears and algos. |
Trump will he go through with tariffs, in the meantime another division Glen may sell. Will we push on towards 375p, let the algos stop selling then off we go. Coal is a cash cow so not worried.https://www.independent.ie/business/irish/glencore-said-to-be-assessing-sale-of-pallas-green-asset/a1752936272.htmlSo awaiting Viterra news, all been approved, now what will they do with the money, give back to shareholders, buybacks, I prefer over increased dividend. |
Off topic ..looking for monthly divi paying etf yielding 12% appx who are generating extra income via covered calls and puts on stocks.. any suggestions? |
Trading Economics is my go to website: https://tradingeconomics.com/calendarAnyone have anything better than this they share, without a subscription? |
UK markets are great for shorting and day trading in general. Investing isnt a priority here. Quick wins and short term thinking. |
I want Glencore to switch main listing to us the UK ftse100 is not really suited anymore |
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Copper futures surged above $4.5 per pound on Friday, scaling four-month highs, as concerns about tightening supply from the world’s largest copper producer, Chile, took center stage. Chile also forecasts rising demand for copper, driven by the energy transition and electrical networks, which further fueled the price increase. However, Chile's copper commission, Cochilco, cautioned that geopolitical tensions and US tariffs could pose risks that might negatively affect the market. Copper prices also found support from a weakening US dollar, driven by easing concerns over a global trade war. US President Donald Trump and Chinese President Xi Jinping are expected to discuss trade issues in an upcoming call, raising hopes that further escalation can be avoided and tariffs may be reversed.
Trading economics source |
Or why Glen isn't really tracking copper upwards momentum? |
Does anybody know why Cp is higher now than b4 the US election? Chinese economic recovery? |
Hi all. Almost managed 2 day trades, turned down 20000 at 3.6124. Damn. Successful with 1 of them. All in for 19th |
Monty is on the right course |
3.75 would be nice.... as a start! |
Done buy and sell trade here today. Also bghtvT bills again. |
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