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Anglo American

Anglo American chart

Anglo American market insights

Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.

If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.

Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.

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Anglo American details

Anglo American (LON:AAL) is a leading global mining company engaged in the exploration and mining of precious base metals and ferrous metals. It produces copper, platinum group metals, iron ore, metallurgical coal for steelmaking, and nickel. Anglo American also operates a diamond production company through its subsidiary De Beers.

Anglo American is based in the United Kingdom, but has operations across Europe, southern Africa, North and South America, and Australia.

Shares of AAL are listed on the London Stock Exchange. The company is one of the top constituents of the FTSE 100 stock exchange by market capitalisation.

You can trade Anglo American as a CFD with FOREX.com.

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Share CFDs explained

Share CFDs explained

If you want to profit from a company’s performance, then trading shares is the way to do it. We explain what they are and the key things you need to know.

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Shares are one of the most popular asset classes to trade and are a favourite of longer-term traders. We list the key reasons why shares are such an attractive investment.

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