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Live Charting: Falling trend channels for Glencore and RIO; FTSE 100 dancing around 6120

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A myriad of stocks and indices were covered by Zak Mir, technical analyst for ShareProphets.com, when he used live charting to provide technical views on Glencore, HOME, the FTSE 100, the DAX and more, with Nick Batsford and Mike Ingram. In terms of Glencore, Mir noted the falling trend channel, and he believed that whilst the stock remained below £1, the target is around 25p. The FTSE 100 is dancing around the 6120 level, according to Mir, who expressed the need for a hold above this level

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