• BHP Biliton just broke its 100-Day Simple & Exponential Moving Averages with potentially grave implication!
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The very last time this was broken was in July 2011 & its price went 19% down in the next 2 months.
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A similar decisive move shall bring the prices back down right at the support of its support channel as show above.
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Conclusion: This major iron ore company could be leading a more bearish tone in general commodities that spells similiar danger in equities. Indeed, a simple chart like this is sort of confirming the equities top that we are seeing now.
