while demand is low its in BHP,s best interests to keep production levels up , whilst it wont help commodity prices and it keep the pressure on RIO who are highly leveraged and at the mercy of credit markets . BHP are looking mean and lean compared to RIO and it wouldnt surprise if BHP have this in mind by not scaling back . way better to pick up select pieces of RIO at firesale than buy the whole lot warts and all at the top of the boom . technically looks like BHP is a sell in the short though and certainly better prices will be available for swing traders imo .
........ the usual
while demand is low its in BHP,s best interests to keep...
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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 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |