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The BHP weekly price chart with weekly MACD histogram. Exciting isn’t it? There are four histogram peaks above zero. Three of the previous are more or less the same height with the most recent mound a much higher one. Connecting a trendline (not drawn) from the second peak to the recent peak creates a parallel line set with the overall chart trend. Is this a sign of things to come? Will the BHP price meet brokers expectations?
(Click on the chart for the larger version if you can’t see)

This is how unpredictable forex trading can get. See the price spike in the superimposed screencap of a minute chart? That was a quoted price spike for the Euro / US dollar currency pair in the CMC Markets trading platform "MarketMaker". Why am I concerned? Because it was a 40 pip movement in that minute. So what? Well, if you were short, and you had a stop loss in that range, your trade would surely have been stopped out early. The question remains as to why did this price spike show up on only the CMC Market maker software but not on the alternative forex dealer?

The BHP stock price has fallen considerably over the past week given the dramatic falls in commodity process this week. BHP closed the week much lower at $28.74 compared to last week's close of $31.72. Given the recent price movements BHP still remains my favourite stock to trade because of its liquidity and volatility.