Tag Archives: Mining

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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Posted in Market, Shares, Stocks, Trading | Tagged , , , | 4 Comments

BHP turns bullish with classic breakout

While the price of iron ore has been causing a goodly deal of concern in the market in recent weeks the ‘Big Australian’ has been slowly but surely starting to gain a bit of traction with the trader community. All … Continue reading

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Iron ore chart – outlook

Changes in the iron ore market have moved it to the front and centre for Aussie Dollar and share traders. Iron ore recently accounted for about 20% of Australia’s exports.  Although price declines since may have seen this share reduced, it will still have a significant … Continue reading

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Posted in Commodity, Market, Trading | Tagged , , , , | 1 Comment

Alumina (AWC AU) makes first step on new trending move

As you can see from the chart below, the Alumina share price has been under a lot of pressure for some time but with the formation and subsequent upward breakout of a symmetrical triangle it may see some renewed attention … Continue reading

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