BHP 1.55% $49.57 bhp group limited

BHP - Uptrend is Stable

  1. 70 Posts.
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    Noting some frustration with the predominate Forum Header "Downtrend has Resumed" , I offer as follows.
    Here's is what I think is happening.
    We are in a progressive uptrend supported fundamentally by an improved China Outlook, and technically by the below graph.  
    I have no doubt the market will respond to the lack of accord on Oil freeze talks over the next couple of days, and that we are due technically for a correction after a significant rally. (ie reversion to mean- which is up trending by the way)

    3 Month BHP to 18 April.JPG
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