Tag Archives: BHP

BHP – is there more upside?

Today BHP hit the profit objective for the head and shoulders buy strategy I posted on 6 May. When this happens, traders often ask  – should I be taking profits here or trying to run this trend further? This post covers some … Continue reading

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BHP – Head and Shoulder Buy

Technical traders may be interested in the fact that Friday’s strong rally in commodity prices looks like setting BHP up for a head and shoulders buy today.

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The Big (Global) Australian

Looking at trading yesterday, one of CMC’s senior dealers remarked: “It’s not often we get a 65 point rise (in the Australia 200 index) when BHP falls.” Why is BHP going down as the market goes up? The latest round … Continue reading

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Iron Ore and BHP charts – updated outlook

With the iron ore price now being a key barometer for Australian markets, it’s worth keeping an eye on the chart. To help keep readers up to date, I’ve posted the latest iron ore index chart with some of my thoughts on the outlook … Continue reading

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Pairs Trading – Buy BHP, Sell RIO

The recovery in iron ore prices since August appears to have driven an outperformance by RIO over BHP in Australia. However, both companies are also listed in London, and the degree of the outperformance is significantly smaller. Combined with stronger … Continue reading

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Gold leads the way again – What our most profitable clients traded last week

With the announcement of a new series of quantitative easing in the US the dollar index has fallen aggressively. On the other side of the equation has been price of gold (amongst several other instruments in the commodity space) which … Continue reading

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Mystery Chart – Resolved

Yesterday, a mystery chart was posted – if you haven’t seen it yet, click here: http://blog.cmcmarkets.com.au/2012/07/03/mystery-chart/ Blog readers were asked to identify the chart and make a call – buy or sell. Here’s the full chart:

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Buy BHP (Sell Copper?)

A better global outlook for equities, and resource stocks generally lagging the rallies in their underlying commodities, make an interesting case to buy BHP. A second possible trade is to

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BHP AU almost at retracement point to the channel

Good morning everyone – the following isn’t a chart setup per se but I thought it was worth a look in any case because we are talking about the Big Australian afterall. Recently I showed you a chart where BHP … Continue reading

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BHP hits bottom end of daily channel

Good morning everyone, anyone who watches the Australian market will be an avid watcher of BHP Billiton shares. Given the huge amount of the index that it makes up it’s a key company because it can genuinely move the market. … Continue reading

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