BHP Billiton is an international resources company. The Company's principal business lines are mineral exploration and production, including coal, iron ore, gold, titanium, ferroalloys, nickel and copper concentrate, as well as petroleum exploration and production. Dually-listed company with BHP AU.

The company, as all resources company, has suffered from low commodities prices, especially industrial ones. The company seems high valued with “EV/sales” ratio estimated at 2.62x for this financial year. In add analysts polled by Thomson Reuters have revised hardly downward the earnings per share for FY2012.

Graphically, the stock went through a period of rebound in recent sessions toward the GBp 2000.5 mid-term resistance. The share should consolidate near this area. In add, in weekly data, the security is trading close to a resistance trend line that could stop this bullish trend.

We advise a short position with moving averages area of GBp 1850 as first target price and then, if the bearish trend continues, GBp 1765. The stop loss will be placed at GBp 2050.