Commodities are clearly in a downtrend now. Not because of fundamentals (unless China and India decided to stop countrywide construction last night) but because of sector rotation.
People go in banks, then into resources, then tech and so forth. I think the market has hit an important bottom and we could start seeing good old broad rallies from 2009 like the good old days of 2005 and 06 eh?
I could see Rio going as low as $90.
below 100
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Last
$122.87 |
Change
-1.400(1.13%) |
Mkt cap ! $45.61B | |||
| Open | High | Low | Value | Volume |
| $124.20 | $124.43 | $122.59 | $98.41M | 797.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3102 | $122.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $122.88 | 435 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |