Barring some other mine disaster or renewed commodity price collapse to new lower lows I think $11-$12 will be the floor. It will take a trend reversal in one of the commodities (oil, copper, coal or Iron Ore) to go the other way. Safe entry below $15 for long term. I will jump at $13.XX today.
My prediction is late 2016 oil price recovery to $65 will be the beach head to change. Coal and other energy sources to follow oil with 6 month lag. Iron ore to stay $40-$50 next 5 years with all the 2nd tier marginal producers one by one collapsing.
Within 3 years BHP to be $30 is my bet.
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$39.63 |
Change
-0.700(1.74%) |
Mkt cap ! $201.0B |
Open | High | Low | Value | Volume |
$40.20 | $40.35 | $39.63 | $339.4M | 8.507M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 102523 | $39.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.67 | 169 | 1 |
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No. | Vol. | Price($) |
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5 | 23023 | 39.620 |
5 | 7892 | 39.610 |
26 | 44279 | 39.600 |
4 | 16284 | 39.590 |
3 | 1182 | 39.580 |
Price($) | Vol. | No. |
---|---|---|
39.700 | 500 | 1 |
39.800 | 52 | 1 |
39.810 | 1800 | 1 |
39.840 | 556 | 2 |
39.850 | 3000 | 2 |
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