ANGLO AMERICAN - Analysis

Anglo is at an important area which will dictate the next possible leg.

While price stays above R536 on the daily, a possible counter trend pullback is possible to test R590 or higher...

A break below opens the gates to R460

Consequently copper is close to a key bounce area of 3.18 which will help this counter if it finds support

Note: Price is below the medium term trendline and outside of the broadening formation

-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trade attivo:

Copper levels i'm watching