hi cp82 and bigroddy
Have you heard that Chinese steel mills have defaulted in paying India for steel?
Work on builings all over the world is being halted as is new homes. Buiders are going broke and evictions are escalating.
Buildings and homes consume copper for wiring and plumbing.
Watch the price of Copper and base metals fall along with oil, and BHP moves in sympathy.
The whole world is affected and BHP does business "everywhere".
Even if charts didn't exist, the news regarding resources is not good.
If you can't get the money to buy stuff to build a building and if the banks won't lend you money to buy stuff and pay wages, then you have a "snowball effect" .... and it's happening right now.
target thursday , page-25
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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 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |