RIO was up 3.5% when BHP went down 3% on friday evening in the US.
RIO was upgraded to a strong buy by citiground last week on friday when our markets were being hammered.
BHP is in a short term downtrend.
I also though we'd seen the worst, but apparently not.
Also Metal prices as a whole are below their 20dsma - which is not good for future performance.
Uranium taken a big hit.
BHP's boat with a LOT of copper on board just had some problem delivering to India - that's good for copper prices but BAD for BHP as it eats into profits etc.
BHP will certainly shine in its upcoming dividends and annual reporting, but that is a long time away.
I would love to say BUY BUY BUY, but the charts don't really support it here.
If we can hold above 35, and higher than yesterday, then that's probably the best we can hope for, and then CROSS OUR FINGERS that the US does something really nice tonight.
gas find, page-14
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Last
$42.78 |
Change
0.140(0.33%) |
Mkt cap ! $217.0B | |||
| Open | High | Low | Value | Volume |
| $42.25 | $42.97 | $42.14 | $223.0M | 5.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10160 | $42.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.79 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |