bhp : support at 36.38

Directional Indicator of BHP : [34.54] - {35.63} - (37.68) - {38.19}* - {38.49} - (38.58) - {39.66}* - [40.76]

Remarks : The weekly cycle pivot center is located at 37.68 - 38.58. The market is under pressure when it is below 37.68. A supporting level is expected at 36.38*. On the other hand speculative buying interest will increase when the market is trading above 38.58. The market momentum is strong when it is able to overcome the projected resistant level at 40.76. The current expected trading ranges from the projected series are [35.63] - 36.00 - 36.38* - 36.76 - 37.13 - 37.51 - 37.89* // 38.26 - 38.64 - 39.40* - 40.15.

Weekly Cycle Upside Targets : 40.90 and 41.04

Weekly Cycle Downside Targets : 34.45 and 36.12



http://www.qindex.com/bhp.html
Quantum Index Analysis
Albert Cheung (Ph.D.)