21 July 2016 at 7:05 GMT
Joe Neighbour from Central Markets explains his trade on Glencore, the mining share.
Miners took a beating yesterday after Anglo and BHP downgraded their growth forecasts. Buyers stepped back in mid-afternoon and the mining shares bounced. Glencore held key support and closed above this level with a hammer candle. Uptrend looks solid and Neighbour is looking to place a stop underneath the low seen yesterday.
Neighbour plans to buy Glencore at market with a stop at 167p. The target is 225p.