Looks to me that BHP will be down Monday (Australia), base metal prices are down, the Rio bid is likely to become expensive (will take a while for the market to determine if this is bad). The US market will be close, and there will be no lead for us Assie sheep. The overall uncertainty caused by the subprime mess with no US lead should result in cautious trade.
Still think BHP will drift sub $40 (elliot wave indicates $38), Sold at $45 and looking for a low re-entry.
monday opening, page-7
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Last
$39.62 |
Change
0.000(0.00%) |
Mkt cap ! $200.9B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $40.68 | $39.56 | $8.814M | 209.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 19179 | $47.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.90 | 2528 | 2 |
View Market Depth
| Last trade - 09.42am 15/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |
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