Member Info for billybigwig

Glencore share price forecast
The daily chart shows that the GLEN share price has been forming an ascending triangle in the past few months. This week, the stock managed to move above the upper side of this triangle at 330p. On the daily chart, the shares have moved above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has tilted upwards.

Therefore, the Glencore share price will likely keep rising as bulls target the key resistance level at 400p. This will likely happen in October 2021. On the flip side, a drop below the key support at 330p will invalidate the bullish view.

Glencore share price forecast
The daily chart shows that the GLEN share price has been forming an ascending triangle in the past few months. This week, the stock managed to move above the upper side of this triangle at 330p. On the daily chart, the shares have moved above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has tilted upwards.

Therefore, the Glencore share price will likely keep rising as bulls target the key resistance level at 400p. This will likely happen in October 2021. On the flip side, a drop below the key support at 330p will invalidate the bullish view.

Glencore share price forecast
The daily chart shows that the GLEN share price has been forming an ascending triangle in the past few months. This week, the stock managed to move above the upper side of this triangle at 330p. On the daily chart, the shares have moved above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has tilted upwards.

Therefore, the Glencore share price will likely keep rising as bulls target the key resistance level at 400p. This will likely happen in October 2021. On the flip side, a drop below the key support at 330p will invalidate the bullish view.

Ah the 60s a lovely decade

Scoop exactly..ivan is no fool he saw this coming because he mixes in the right circles hence buying up coal assets.....bilbo using all tbe worlds silver assets for solar they must brcoff their heads.. silver will rocket upbin price if that's the case

Bilbo. Exactly no one moaning when they are burning coal to keep warm in a freezing winter these eco warriors need to come up with a realistic plan because solar and wind ain't cutting it are they RR might have the right idea mini nuclear reactors .. who knows its a strange world we live in these days

Scoop you scream? ;-)

What is it that glencore do a lot of??? Is it coal?

https://www.bloomberg.com/news/articles/2021-09-29/china-s-coal-frenzy-has-commodity-freight-zooming-higher

China’s energy crisis has sent shipping costs spiraling as the Asian country snaps up coal to keep powering its economy this winter.

Giant capesize commodity carriers -- used to haul coal -- are now earning almost $75,000 a day, the most since 2009. Those earnings are up more than 50% so far this month as a scramble to procure coal for power generation coincides with already-strong demand for industrial commodities.

Glencores chart is definitely on an upward move.... 3 month chart 6 month chart 12 month chart we could see 2011s prices with ease if that's the case that has gkencore at £5.40s

Hmm we could get an extended Christmas rally ;-))

Troajan commodities ate in their infancy we could go on a 10byear bull run

Booooooooom £3.50 ...£3.80 next you was warned;-))

Woody...I have £7 in mind but if it looks to be going to go in the way rio has in a few years I'll hold with a good stop loss in place...plus the dividend has got to start getting bigger too this is a very goid earner for me dividend wise

Troajan..storm in a teacup..the world has got to say fook it and get going again enough is enough.. wind and solar can't keep up with all the electric vehicles coming into play gas getting higher and higher so coal is going to feature big time this winter . No?

Troajan no trades open at moment just my longs

Good times!!

Troajan re BP ock they canny hold her captain.... stand well back fuse is lit on both BP and glencore ;-))))

Yes indeed matey well put....glencore breaks £3.40s we could get a good run up I mean a very good run up ;-)) fingers crossed