Will Glencore turn, or will it continue to rise to April highs of 343p (+27%)?

• Shares +9.3% in 2 weeks; Now trading 270p (at the time of writing).
• Will the positive momentum continue towards 343p Oct ’18 highs?
• Shares -21.3% from 2019 highs; +8.3% from 2019 lows; -7.2% year-to-date.
• 13 May Glencore looks strong despite unremarkable 2019 outlook, says Moody’s 
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Glencore – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Glencore using a CFD, at the current price of 270p. To do this, you need £2,000.

Let’s assume the Glencore trend continues to April highs of 343p (+27%). Your profit would be £2700, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Glencore 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.