ITI1! Commodities Futures Chart

IRON ORE FUTURES

 
TipTVFinance TipTVFinance PRO ITI1!, W, 23 days ago
ITI1!: Iron ore bulls, don’t jump the gun
23 0 1
ITI1!, W
Iron ore bulls, don’t jump the gun
We do see a strong inverse head and shoulder breakout on the weekly chart, however, still it is premature to say that a major trend reversal has happened. This is because the descending trend line drawn from the Feb 2013 and Dec 2013 high is yet to be breached. Once breached on the weekly chart, the bulls could ...
TipTVFinance TipTVFinance PRO ITI1!, W, 23 days ago
ITI1!: Iron Ore bullish break a good omen for Aussie
34 0 2
ITI1!, W
Iron Ore bullish break a good omen for Aussie
The weekly chart of the Nymex Iron Ore futures shows a bullish inverse head and shoulder breakout. This is a clear reversal pattern…especially since the inverse head and shoulder has appeared at the bottom of the 5-year long downtrend. The bullish break is good news for the Australian dollar (AUD) given the close ...

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