Another Level – Today’s Key Charts (2)

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Another Level – Today’s Key Charts (2) - 17 July 2018

14:45 - Antofagasta

Where next?

Will the price fall towards lows of 900p (-5.3%)? or;

Will the price rise towards highs of 1175p (+23.7%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Bounce off 3-month support
Long-term (2.5yr) uptrend
Back towards May highs?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

14:45 - BHP Billiton

Where next?

Will the price fall towards lows of 1514p (-6.1%)? or;

Will the price rise towards highs of 1806p (+12.0%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Support at June lows
Long term (2.5yr) uptrend
Range trade opportunity?
Back towards June highs?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

14:45 - Glencore

Where next?

Will the price fall towards lows of 275p (-11.6%)? or;

Will the price rise towards highs of 395p (+26.9%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Bounce off 305-10p zone
18-month rising support
Long-term (2.5yr) uptrend
Back towards falling highs trendline?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

14:45 - Rio Tinto

Where next?

Will the price fall towards lows of 3700p (-8.9%)? or;

Will the price rise towards highs of 4550p (+12.0%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

5.5-month intersecting rising support
Long-term (2.5yr) uptrend
Back towards June highs?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

14:45 - RSA Insurance

Where next?

Will the price fall towards lows 592p (-7.5%)? or;

Will the price rise towards highs of 685p (+7.0%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Support at 3-month lows
Range trade opportunity?
Back towards June highs?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

14:45 - Severn Trent

Where next?

Will the price fall towards lows 1840p (-1.6%)? or;

Will the price rise towards highs of 2040p (+9.1%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Shares -10% from recent highs
3-month rising support still valid
Rebound towards falling highs trendline?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Prepared by Michael van Dulken, Head of Research

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