Bottom’s UP for Glencore?

Looking at Glencore (GL:LSE), we see a possible bottom formation breaking out. This might lead to a return to the previous breakdown level at 250. Check out the monthly candle chart.

gl_m

The weekly candle chart is more of the same.

gl_w

A final zoom in on the 1 year daily candle chart.

gl_d

This is breaking out on the daily, weekly and monthly candle charts. Just need to wait for the monthly close for confirmation.

 

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