I can sense that many market pundits are saying that US dollar may hit the bottom as FEd's rate cut is done. This is why gold is crashing now.
If Fed cut .25 tomoroow and signs that there will be no more cut because of inflationary pressure, commodity price will gradually be declining as US dollar will rise.
It's cretical time for BHP, but looks to be a significant retracement is on the card.
Everybody knows that market sentiment can change in a second.
commodity boom may be over
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |