Bullish news for JSE
BHP Billiton and copper price set for greater things
BHP BILLITON, the second largest stock on the JSE, has large interests in copper mining (among other resources). We take a look at BHP Billiton’s chart, which is showing an interesting development. We also look at a chart of the copper price itself, which is on a recovery path and pointing to a target price. In fact, BHP Billiton has broken out above an important resistance level and is now pointing to far higher prices in the months ahead. Likewise for the copper price itself, which is on its way to retesting its all-time high. Together this is bullish news for the JSE as a whole.
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