BHP Forecast + Trading Strategies


Bullish Case: BHP's investment in copper positions it well for a potential surge due to green energy demands. Historical return surface and contango structure support steady growth.


Bearish Case: Anglo American deal collapse and higher implied volatility ratios indicate market skepticism. Negative forecast by Helium supports downside risk despite contango.


Potential Outcomes:

1) Modest upside in the next 28 days: 35%.

2) Sideways trend over 30-50 days: 45%.

3) Downside to $54 in 60 days: 20%. Data supports market uncertainty and mixed outcomes.


Trading Oracle: Sign Up to access trading oracle trade ideas.


June 24, 2024


BHP Group Limited Forecast

BHP      BHP Group Limited











Correlated Assets

Assets that tend to move strongly with BHP



RIO Forecast + Options Trading Strategies   RIO  Rio Tinto (0.75)


DT Forecast + Options Trading Strategies   DT  Dynatrace (0.73)


FPI Forecast + Options Trading Strategies   FPI  Farmland (0.72)


LSPD Forecast + Options Trading Strategies   LSPD  Lightspeed Commerce Inc (Sub Voting) (0.72)


EWZ Forecast + Options Trading Strategies   EWZ  iShares MSCI Brazil (0.71)



Uncorrelated Assets

Assets with little price relationship to BHP



GOGL Forecast + Options Trading Strategies   GOGL  Golden Ocean (0.0)


ANET Forecast + Options Trading Strategies   ANET  Arista Networks (-0.0)


RTX Forecast + Options Trading Strategies   RTX  Raytheon (0.0)


OC Forecast + Options Trading Strategies   OC  Owens Corning (0.0)


CRWD Forecast + Options Trading Strategies   CRWD  Crowdstrike (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against BHP



OVV Forecast + Options Trading Strategies   OVV  Ovintiv (-0.53)


RYAN Forecast + Options Trading Strategies   RYAN  Ryan Specialty (-0.56)


CELH Forecast + Options Trading Strategies   CELH  Celsius (-0.58)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.6)


USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (-0.62)





Become a more profitable investor with AI optimized trading strategies






×

Chat with BHP


 Ask any question about BHP!