Will Anglo American turn, or will it continue to rise towards 2228p?

• Breakout above 2077p to make fresh 7 week highs
• Now trading 2100p (at time of writing); Could they recover highs of 2228p?
• Shares -5.8% from 2019 highs; +26% from 2019 lows; +20.2% year-to-date
• Miners trade higher on hopes of more China stimulus
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Anglo American – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 2228p. You decide to buy exposure to £10,000 worth of Anglo American using a CFD, at the current price of 2100p. To do this, you need £2,000.

Let’s assume the Anglo American trend continues to highs of 2228p (+6%). Your profit would be £600, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Anglo American breaks lower, falling 2% and it hits your stop-loss. Your loss would be £200.

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