At one point it was looking like an excellent night for BHP and RIO as Copper appeared to make a significant break to the upside before pulling back:
Copper (short term)
But look at where Copper is long term and ponder BHP....
The correlation is far from perfect due to BHP's diversified business interests, but it should be becoming more correlated to copper, not less (BHP blue line):
Reasonable gains expected at the open:
Iron ore price, page-52135
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Last
$21.67 |
Change
0.040(0.18%) |
Mkt cap ! $66.72B | |||
| Open | High | Low | Value | Volume |
| $21.64 | $21.79 | $21.40 | $112.3M | 5.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31555 | $21.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.68 | 4937 | 3 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |