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What if the price resistance of 274p taken out, where would be the next barrier?

274p is with us for almost 3 weeks.

My 15k shares sale limit at 278 were not triggered by this spike of 285p and 170k volume ?!!!

Can someone with knowledge of this trading system to explain the share price spike of 285p at 11:13 ?!!

Not very clear. Although it was more of responding to Rumors ?!!! Who knows?

Hargreaves Lansdown Platform and website inaccessible by investors since yesterday?!!!

Very scary story to all financial services?!!

Any idea!!!

Whilst revenues are near $240 billions then net profite is ?!

They need to become profitable other wise the company registrar will file Glencor as a charity (non profit making company).

Consider the weakness of all fiat money against metals (precious & industrial), i.e. real wealth against fiat currencies (composed of paper+ink+TRUST in untrusted). Gold rises up by 50% from $2000 to $3000 over one year. All other commodities are rising.

Glencore has diversified commodities production and trading skills of buying, storing, distribution, and selling of all of them including oil and its products, which is a flagship markets on its own.

If the major holders and investors decide to sell Glencoe then it's better to sell in 2 major divisions; 1- Oil and products 2- Metals and mining. It might fetched up to $70-75 billions. With main competitors are Saudi Aramco and Máadin mining. Other Gulf states wealth trusts are potential contenders. From the major international companies are BHP Group, and China Shenhua Energy.

From USA the main competitor is Mr Trump himself. If it is presented to him, He would will leave Ukraine to Mr Boten and take Glencor!! imo

Mourning in the early morning!!

I am hoping for improvement in share price during this week???

Https://www.reuters.com/markets/commodities/bhp-striking-union-escondida-mine-discuss-moving-positions-closer-source-says-2024-08-14/

Could this strike help copper prices stability?!!

It seems that there were broad increase in commodity prices through first half of 2024 by almost 4.5-7.5% . I believe that should compensate the 5% average drop in production of metals by Glencore. imo

If the PCE are lower than last month and quarter then the FOMC might see their policy of high interest rate is need to be adjusted. Are they going to cut rate now, next week Wednesday?! They might if figures are good combined with som weakish consumer confidence. No body will blame them for 0.25% cut. It is small but a good gesture to calme investors and consumers fear. imo

Since the beginning of July the world is experiencing a big events that rattled the political, military and financial stability. From unresolved Ukrainian and Gaza wars to the unstable American Election events of attempted assassination to probable pull of president Biden nomination for second term. Then we have world wide IT crises that will have consequences on Technology sector and financial sector as well. We don’t know exactly what is next but the general trend is general instability. The theme might be is “trader’s trust in Gold and Silver currencies. Their essential commodities are Metals and Foods”.

For a private investor with a limited resources of news. It seems that Glen share price will stay below 500p untill LGen manage to sell their holdings of 240 million shares. That might be achieved in 3 months. End of September would be the time Glen will start cruising above 500p. imo

Any idea why Glen price fluctuates widely between 481 and 473 this morning at 9:20-9.50 ?!!!

The share price of Glencore is being negatively affected by the divestment of 0.4% shares held by Legal & General. Which is about 48.6 million shares. Slightly above daily average traded shares!!!

https://www.morningstar.co.uk/uk/news/AN_1719475505901527200/lgim-ditches-glencore-as-frets-over-miners-green-credentials.aspx#

BHP biggest compensation payments is $3.2 billion for the fatal accident in Brazilian dam 2015. Glencor has not had such profit depleting incident.

Glen share prices are moving in the opposite direction of copper prices and other metals from the beginning of this week. Hopefully next week it changes its mind and swims in the right direction ?!!

This is what Reuters said

https://www.reuters.com/markets/commodities/oil-edges-up-us-fed-rate-signals-china-property-sector-support-2024-02-01/

What is the cause ??!!! Not another disaster?!!!

Is there any idea why oil prices are dissociated from BP share price. Any hidden agenda that we don’t know? Or this is just a market rotation manoeuvre by market forces.