Technical Analysis: We see BHP shares rise strongly benefiting from multi-year rise in commodity prices, while volatility kicked in post covid as iron ore price surged to above $200/tonne mid last year, to more than halve in a span of 4-months. Over the last year or so we can see BHP does rise above $44.00 a share multiple times but it does not hold indicating its overbought. We’ve identified the recent support level at $37.00, and marked as an attractive buying level, while anything below $36.00 is oversold, and would anticipate a strong rebound, if it were to fall below this level.