BHP Billiton

[FiringSquad13]

Operational review released today:

 

• Operational review for the quarter ended 30 September 2015
• Production guidance maintained across all businesses.
• Petroleum capital expenditure of US$2.9 billion now planned for the 2016 financial year, a 6% decline from prior guidance of US$3.1 billion.
• Four major projects under development are tracking to plan.
• Says total iron ore production for the September 2015 quarter increased by seven per cent to 61 mt
• Qtrly copper production 0.4 mt, down 3 percent from last year
• Says US$600 million petroleum exploration program is planned for the 2016 financial year
• Says "at current mining rates, operations at crinum are expected to cease in the first quarter of the 2016"

Overall the update seems good.  There has been a bit of a pull back to the 50% Fibonnaci.  The chart does show some indecision but I would expect a general move up from here.

 

[Guest Zero]

On that time frame TA seems to agree - a support at current levels.  One to watch...

[Guest Zero]

I think today's move (dam burst in Brazil) probably mucked things up a bit on the TA.  FA v TA - the age-old battle continues...

[FiringSquad13]

 

I do think TA plays its part but when it comes to Equities FA will always trump it. Any bit of news will move the market one way or the other. TA is good for a share without news.

[Guest Zero]

Hi 

 

Some would simplisticly argue that TA should reflect all the FA known. 

 

The logic then would conclude that all that matters is the unknown...

 

So all analysis ie. Technical Analysis or Fundamental Analysis, is redundant...?