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BHP & RIO – Now Under Sell Conditions

Our Algo Engine has a sell signal on the XJO and we also draw your attention to the sell signals in the large cap miners, BHP & RIO.

The lower high formations and subsequent sell signals occurred in these two names, well ahead of the sell signal on the index.

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The charts below show selling pressure has gathered momentum, following  flat production guidance and lower price realisation in 2019.

BHP

RIO

 

 

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