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Home / Ranges / BHP Billiton

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

BHP Billiton

A range trading opportunity for you?

Will BHP Billiton break upward support, or will it rise again towards early July highs of 2076p?

  • BHP shares trading in a rising range since late May.
  • Currently trades at 1974p (at the time of writing).
  • Will the pattern repeat itself, shares testing previous highs?
  • 24 Jul: Iron ore prices fall as Brazil’s Vale to prepared to resume operations at Vargem grande complex.
  • Liberum downgraded to Hold. 2000p target maintained
  • Shares -5% from 2018 highs; +27% from 2018 lows; +16% year-to-date
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Prepared by Michael van Dulken, Head of Research
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