Anglo American Plc

Research: October 2026 > https://www.unum.capital/post/roct2026

For our clients trading or considering trading ANGLO AMERICAN PLC.

Disclosure: The graphics below were compiled using an artificial intelligence tool, based on my own data.

Anglo American plc (AGL) | 91,259 ZAC

Anglo American enters the new week re-establishing its structural leadership within the resource basket after absorbing a mild mid-week shakeout. After briefly dipping below its fast averages on Thursday to test the 88,600 ZAC volume shelf, buyers stepped in aggressively on Friday with a +3.34% range-expansion candle, closing firmly at 91,259 ZAC (+15.08% 1-month). This move decisively recaptured the 8-day EMA (89,673 ZAC) and maintained clear separation from the 21-day EMA (88,886 ZAC) and 200-day SMA (80,552 ZAC). Tactical momentum opens Monday revitalized at 60.81, with intermediate (62.83) and secular (69.92) profiles confirming unexhausted global institutional sponsorship. The weekly dynamic demonstrates that dips toward the 21-day baseline are being treated as high-conviction reload zones rather than structural trend breaks. As an active trader, monitor the retest of Friday’s breakout shelf near 90,000 ZAC; holding this dynamic pivot on shallow pullbacks confirms trend continuation, while clearing local swing highs at 93,135 ZAC opens a direct path to test the 94,325 ZAC 52-week peak.

Lester Davids

Senior Investment Analyst Unum Capital