I have seen a few advisers recommending BHP to clients but there are no signs that the commodity free-fall is ending.
Bullish divergence on 13-week Twiggs Money Flow reflects medium-term buying pressure. Expect strong resistance at 16.50. Breach of short-term support at 14.00 remains likely and would signal another decline.
The weight of the market is on the sell-side and a knife-edge reversal is most unlikely.