|
Maybe. Let’s check out the chart:
Click to Enlarge
Yes a surprise bounce off a major low. And maybe we might see more upside in the
coming days and weeks - even as high as 80 cents.
Nothing sinister on the weekly chart:
Click to Enlarge
Or monthly:
Click to Enlarge
But BHP not out of the woods yet:
Click to Enlarge
And it’s not just BHP, RIO also still in
hospital care:
Click to Enlarge
Though many talk oil up, light crude is not
going anywhere fast for the moment:
Click to Enlarge
Daily Copper over the last month also
images the Aussie dollar:
Click to Enlarge
But there is no real good news there:
Click to Enlarge
It matters little but there are other
factors at play here other than Australian exports and even more to it than
merely the Aussie rising. The US dollar
falling?
Many factors in the mix for that.
Enjoy the ride
Tom Scollon
|