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BlueHatInvestor

Iron Ore Futures ~ Snapshot TA / Coiling like a Steel Roll

Long
SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,May-2024,Composite Futures (SGX:FEF2!)  
BlueHatInvestor  
SGX:FEF2!   SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,May-2024,Composite Futures
Supply and Demand Fibonacci Trend Lines ironore FEF2! FEF1! china SHCOMP australia ASX asx200 seasonality-trading
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supplyanddemand fibonacci trendline ironore fef2! fef1! china shcomp australia asx asx200 seasonality-trading
Iron Ore Futures coiling like a steel roll in a series of Lower Highs & Higher Lows since October 2022.

Break above 116.60 = Bullish momentum towards 134.85 (38.2% Fib Retracement)

Break below 99.40 = Bearish momentum towards 77.60 (78.6% Fib Extension)

Seasonality typically favours the Bulls running strong into end of year - we'll see if it still rings true this year, given China's current economic woes..


Boost/Follow appreciated.

Futures: FEF1! FEF2! TIO1! TIO2!
ASX: BHP RIO FMG MIN CIA
NYSE: VALE

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