Technical Summary: Because BHP trades on both the London and the New York stock exchanges the share price is quite gappy. What we mean by this is that it often opens at a completely different price to what it closes at. Once open it typically trades within quite a tight range. This is because the trading in the overnight exchanges is immediately reflected in the share price on the open. The bigger picture for the miner is that it is trying to bounce back from a dreadful 2014 and 15 where the stock price more than halved. The stock has been relatively successful at this and rallied strongly in 2016. Year to date the stock has largely consolidated the gains of 2016. In the last 3 months the stock has shown relatively strength making a series of higher lows. As the stock approaches its 52 week high investors should be wary of overhead resistance weighing down the share price. Investors may look to open positions if the stock clears this resistance.