michaelarias
Long

IRON ORE Price Bounce - Long Idea - Support Rejection? Let's See

NYMEX:TIO1!   IRON ORE 62% FE, CFR CHINA (TSI) FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
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I believe Iron Ore bottomed late 2015.

Since then we have had impulsive move up followed by a correction.

If prices reject support in a change of polarity then prices should continue higher.
Comment: The move up looks impulsive.
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