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Tuesday, March 18, 2014
BHP found support in range
Well again last night we had a rally in global markets based on what Putin said in his hour long speech. Because he didn't say anything about attacking Ukraine or blowing up the U.S. to ashes, the markets thought this was the best news ever. Just having a quick look at BHP daily chart it has found support at the bottom of the recent range. We need to see what happens when Janet Yellen speaks today. I doubt if she will want to rattle the markets at this stage. I don't expect anything that different to what she has been saying previously.
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