Glencore reports FY results on Wednesday, 20 Feb

• Last time Glencore reported financial results: H1 Results, 8 Aug.
• The shares closed +0.1% for a daily range of 12.5p or 3.8%.
• Shares -2.8% from 2019 highs; +12.9% from 2019 lows; +4% year-to-date.
• Currently 298p (at time of writing).
• Will we see another big share price move on Wednesday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Glencore – An Example

Let’s say you think that Glencore results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Glencore using CFDs, at the current price of 298p. To do this, you need £2,000.

For the purpose of this example, let’s assume Glencore reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. Glencore results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

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