BHP - Weekly View - Finding support

From my last post of BHP its fallen 14.93% to 42.37. Looking at Momentum the lower blue line pressure is to the down side under the zero line, with no divergence forming. While its in a supportive area my bias is for it to fall to 41.98 which is not far off. If it breaks through that level then 38.32 is the next weekly level.

To trade the weekly chart a break below the line under the down bar would be the entry with the stop at the top of the bar. Move the stop to swing tops as the trend develops. Of course trading the weekly chart is not where swing trades would be taken due to the large time frame but knowing what the weekly chart is doing will allow you not to get carried away with counter trends within the major trend.