BHP 0.36% $41.26 bhp group limited

is the commodity boom over?, page-67

  1. 7,728 Posts.
    There's no doubt the SP is at a turning point --upwards or downwards.

    On intraday charts when the moving averages align like this close up of the daily, it's a very bullish signal.

    It will take probably one day to confirm direction either way.

    The shorter-term moving averages can either cross up...or they can do a u-turn down.

    Irrespective, IMO, the retrace is either finished, or has a couple of dollars to go... and then the rally continues north for months.

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