Noticing: The volume on the Iron Ore China (62% FE Fines) Future always spikes at the start of a new month, declining in the weeks ahead. Coinciding with new orders at month end/start? At current levels, IO remains above it's 8-day EMA but may be vulnerable to a bearish reversal. The RSI is signaling bearish divergence (lower highs) while the MACD has a pending bear cross. Price also becoming extended above the 200-day SMA. Current level: 103.10