Dalian is open and both iron ore and coking coal are under a little pressure. Big Iron is down harder but charts are still not alarming. BHP might have a head and shoulders top in but is still above support:
RIO likewise:
And FMG:
Advertisement
WHC does look in trouble as its symmetrical triangle breaks down:
Still, plenty of room for correction in all of those charts.
Advertisement
Big Gas is also getting flogged on oil:
STO seems to be beginning to price the real risk that it loses third party gas.
Big Gold is mixed. I’m still not a buyer here:
Advertisement
Big Banks are powering as the local yield curve steepens. I’m definitely a seller here:
Advertisement
Big Spruik is also mixed and wouldn’t buy any of them ever anyway to avoid getting diarrohea:
But I do love to hate ’em!
Advertisement