It is a positive technical indicator for the resource sector outlook, that over the last week RIO has generated a technical buy signal, and BHP generated a...

It is a positive technical indicator for the resource sector outlook, that over the last week RIO has generated a technical buy signal, and BHP generated a secondary technical buy signal. (The pullback in these share prices over recent days has not altered this positive view). The copper and nickel prices have the potential to generate technical buy signals, but to complete the required base forming process, a further rally needs to occur