Buoyed by news of improved iron ore sales. BHP has risen strongly since the March lows and after confirming and uptrend with a valid uptrend line and making weekly higher lows and highs it made a resistance break pattern at $38 with a target of $41.39. Elliott Wave count is unclear.

BHP 17Jul

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Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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