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

• Breakout above 1985p to make fresh 6 week highs
• Now trading 2002p (at time of writing); Could they recover highs of 2228p?
• Shares -10.3% from 2019 highs; +20% from 2019 lows; +14.5% year-to-date
• Miners trade higher on reduced trade tensions and better China exports
• 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 2002p. To do this, you need £2,000.

Let’s assume the Anglo American trend continues to highs of 2228p (+11.2%). Your profit would be £1120, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Anglo American breaks lower, falling 4% and it hits your stop-loss. Your loss would be £400.

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