BHP sp will do what the market does and is dependent on the economy. Does anyone consider that the improved earnings being reported in the US are mainly the result of all the lay-offs and things are still slowing down?
Think about it. If things were heating up oil inventories would be low and the price of oil would be high. Not the other way around. If the price of oil is to be believed - double dip recession already.
So I suggest caution. IMO it is still a manipulated market.
record production report, page-22
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Last
$41.76 |
Change
-0.900(2.11%) |
Mkt cap ! $211.7B | |||
| Open | High | Low | Value | Volume |
| $42.02 | $42.09 | $41.75 | $565.3M | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 176 | 109821 | $41.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.80 | 17792 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |