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Glencore Plc: Managing Risk via the Monthly Chart

  • Writer: Lester Davids
    Lester Davids
  • Feb 11
  • 1 min read

Trade Glencore Plc with Unum Capital

To get started, email lester@unum.co.za


The monthly chart is a useful, and often overlooked tool for investors and traders looking to manage risk. In 2023, our analysis highlighted 3 aspects which alerted traders to downside risk over the medium term: (1) The bearish MACD crossover (2) the channel resistance and (2) the breakdown in the 14-month RSI.


At the time, clients were exposed to the following view via the monthly chart at a price of R104. (Current level = R79)



Current View (Long Term): Weak and in a downward trend; Looking to re-test the previous breakout level of R70 as per the monthly chart.


Last Price: 7978c.



Lester Davids

Analyst: Unum Capital

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