Was going to say the same thing , bhp looks oversold and the...

Was going to say the same thing , bhp looks oversold and the chart highlights a buying opportunity ,  bhp is reducing its capital and exploration costs by 25%  so if anything its going to have plenty of cash flow.

"We have also reduced capital expenditure by 25 per cent and our spend will decline again in the 2015 financial year. By reducing the rate of investment, we have created strong competition for capital, and now expect an average rate of return of more than 20 per cent for our portfolio of low-risk, largely brownfield development options"

http://www.bhpbilliton.com/home/inv..._BoAML Metals Mining and Steel Conference.pdf