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Falling Trend Channels For Glencore And Rio

Published 09/12/2015, 18:17
UK100
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DE40
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GLEN
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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 (L:GLEN), 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 for any chance of a rally.

When concerning the DAX, he commented that the 200-DMA is starting to fall, and an end of day close below 10500 would be a bearish signal for the index.

Watch the video for further technical analysis on stocks and indices including JMAT, AHT, HOME, Stagecoach, DC, RIO, BLT, NASDAQ, CRV, CHA and PANR.

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