LSE:BLT   BHP BILLITON PLC ORD $0.50
36 0 5
BLT             broke the resistance at 1297.61 convincingly, traded above it for a few days and then broke below it again. This looks to me as if it was a head fake and we are going to see price trade between the two major levels of 1297.61 and 1023.90.

If that is the case then there are two levels you can short, current price and below 1183.39 with a target or take profit at 1023.90.

If price starts to trade above 1297.61 then you can think about getting out of the trade.
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