The short term chart below does seem ugly to me
A death cross 2 days ago (50 dma crosses below the 200 dma) and two bear flag formations on the way down.
We’ll be gritting our teeth in the days ahead I think.
FMG, RIO and BHP are global miners with their share prices impacted by global markets.
I thought last night’s US CPI reports were pretty good, with Core CPI most watched by the Fed dropping year on year from 4.7% in July to 4.3% in August … Nas and S&P agreed but the DOW didn’t. PPI inflation figures are out tonight and the Fed’s next rates decision (expected to be a hold) is next Wed (I recall).
Not looking forward to the next 4-5 trading sessions.
Dex
FMG Technical Analysis, page-10157
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 (20min delay)
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Last
$18.23 |
Change
-0.040(0.22%) |
Mkt cap ! $56.19B | |||
| Open | High | Low | Value | Volume |
| $18.26 | $18.41 | $18.18 | $171.2M | 9.373M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 12284 | $18.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.24 | 1240 | 6 |
View Market Depth
| Last trade - 15.56pm 02/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |