Busy Schedule - Monday, page-2

Ozzie Miners on the London Stock Exchange - Friday trading.

BHP:



Rio:




BHP up +0.55%.  Rio down -0.32%.  Those figures compare with Australia on Friday:  BHP +0.91% and Rio +0.24%.  Although both stocks were up in Australia on Friday, both stocks were affected by intra-day selling on Friday in Australia.  

GBP/AUD fell -0.15% on Friday - that should have been a plus for Ozzie stocks in London.  So that trading on Friday in London doesn't reflect the positive figures in Australia.  


On the LSE both stocks are overbought on the RSI and MFI.  Both stocks have hit outside the BBs.  That doesn't mean they can't go higher - but this looks like a time for a bit of a pull-back.

I think the implications are clear for Australia today.  Our Mining Sector could be under a bit of pressure today.

Redbacka