Will Anglo American break support, or will it rise back to 2100p?

• Rising channel since early December with 4 bounces off support
• Now trading 1921p (at time of writing)
• Will the pattern repeat itself, rising back to 2013 highs of 2100p ?
• Shares -4.6% from 2018 highs; +32.7% from 2018 lows; +10.2% year-to-date.
• 12 Feb: Don’t count Mining stocks out in a slowdown, says Goldman Sachs in Barrons.com
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Anglo American Financial – An Example

Let’s say you like the Anglo American range, you think it’s heading back up to 2100p again. You decide to buy exposure to £10,000 worth of Anglo American using a CFD, at the current price of 1921p. To do this, you need £2,000.

Let’s assume Anglo American rises back to 2100p (+9.3%). Your profit would be £930, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Anglo American falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.