Australian banks Australian LNG Australian Shares Commodities Featured Article Gold Iron ore price

CBA’s monster chart top reappears

David Llewellyn-Smith

Friday 2 September 2016

More Big Iron weakness today despite the overnight Dalian bounce (opened flat) as BHP is -0.1%, RIO 0.5% and FMG -2.3%:

FMG has printed its first lower low in its spectacular bull run strengthening the toppiness vibe.

Big Gas simply stinks with WPL -1.7%, OSH -0.8%, ORG -0.4% and STO -1%:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.