Rio Tinto outlook ahead of earnings Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation. The company is due to release its full-year 2024 results on 19 February at 18:00 GMT, with market analysts forecasting earnings per share of $7.84 amid operational challenges.
The price action sentiment appears neutral, the price is currently trading above rising 20 and 50 day moving average but below 200 Day Moving Average. The recent intraday price action appears to be a sideways consolidation.
The key trading level is at 5,036 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish breakout above 5,036 level could target the upside resistance at 5,168 followed by the 5,297 and 5,429 levels over the longer timeframe.
Alternatively, a confirmed loss of the 4,906 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 4,774 support level followed by 4,645.
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