Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
Client Sentiment - BHP
00:00, 23 October 2013
BHP has posted strong gains over the past 2 sessions, largely on the back of its better than expected 1Q14 production data release. So, bearing this in mind, it’s an interesting time to gauge market sentiment on Australia’s biggest miner. Our Client Sentiment Indicator is currently showing 77% of CMC’s top clients are long BHP, but the combined value of their trades equates to only 49% of the total open positions within this instrument. This suggests that while there are less sellers, their conviction is stronger. (The Client Sentiment Indicator may be accessed by clicking on the arrow next to the instrument below and selecting from the drop down menu).