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BHP Billiton


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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.



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  • 3 weeks later...



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...?

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