The oil and commodities crash has hammered RIO and BHP this morning to within a whisker of terminal chart supports before we head ignominiously for GFC lows. RIO is down 2.1% at $49.50 within its enormous and bearish descending triangle pattern and within spitting distance of the 2012 post-GFC low:
The GFC was in the low $20s.
BHP is much the same, down 3% and right at its January low:
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