Iron ore prices have carved out a Descending Triangle pattern. That puts a breakdown on the table if prices pierce below wedge support. The measured move puts a downside target well below the 90 psychological level, leaving the 2021 low in focus.
ASX:BHP trending downwards with weak economic output from Chinese construction activity. Expecting a pull-back to ~$30-31 before a potential reversal - conditional on COVID lockdowns easing in China and stimulus measures gaining traction. China's industrial production has been trending upwards since May 2022 with YoY August 2022 to 4.2%, compared to July's 3.8% ...
This is how i would play GAL.
So much to explain could do with a video. But anyway il try explain.
Identified three ranges. R1 R2 and R3.. H=High, L=Low and Mid = Mid range.
Price rejected R2 High and is currently consolidating between R2 H and R2 Low...
Plan A looking for entry on retest of R3 H or deep to R3 Low. This level has not been retested yet....
Hey guys,
Good time to load up on iron ore miners who have been sold off recently but i dont see prices falling below that major long term support line it has bounced off.
This chart is part of my thesis on the Inflation cycle to calm down over the next few months but as commodities like iron ore, copper, Oil etc start to bull again as people still have cash...
When the TSX asks you to explain why there was a pick up in volume after you hired a known "pump and dump" firm, you have to wonder how that is going to reflect on the company.
Different message boards are full of investors or potential investors posting articles and youtube clips which describe the nefarious goings-on of the National Inflation Association...
I am currently doing a challenge of trading options using the iron condor.
The current volititlity is 79%. A max loss of $379 , max gain of $121 and a buying power of 383.54
THe strategy which you may know needs to stay in between the prices 175 to 205 to make a PNL of $121
Current price when placing this idea is $187
Lets see if the irond condor might be...
MGT
Magnetite iron ore play in South Australia with 5Bln tonnes.
-Falling Broadening Wedge (Bullish)
-0.168 Fib Reversal
-targets marked on Chart
Plan,
Buy on break of falling resistance for confirmation at approx 0.038 entry.
Invalidation of trade or breakout @ approx. 0.035
62% Fe CFR Iron Ore continues its bullish trajectory, closing in on USD160/tonne. The futures markets show a continued bullish trend.
Chinese News
China announces a 5.5% economic growth target for 2022, down from 6% for 2021. Premier of the State Council for the PRC, Li Keqiang, stressed the priority of 'economic stability' for 2022. In addition to this, the...
Conje project, involved with ve(3,3) solid distributions for IB/FTM shakers, veIB holders will get solid airdrop. Aside from that, the main utility is the 6.6 trillion dollar per day forex market.. bringing fiat to fiat trades with no intermediary, no slippage, no fees. Some are saying solidly is curve, convex, and uniswap blended into one with a better reward...
Charts look absolutely similar between iron futures and iron mining companies.
SGX:FEF1!
ASX:FMG (Australian Iron Giant)
ASX:CIA (Australian Mining Company) - in the main chart
NYSE:VALE (Brazilian Iron minor listed as US depository)
Looking at Iron future's previous retracement - which is almost equal to 0.786, we may be in the oversold...
Strong Financial Position
No debt and $1.6 billion in available capital as at September 30, 2021
Generated $206.9 million in operating cash flow for the quarter
Quarterly dividend of $0.30/share
Sector-Leading ESG
Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG
Committed to the World Gold Council's "Responsible Gold Mining...
Vox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations.
TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for...
I think DRR looks good, may be worth taking chance at next correction at around $3.50 range.
any thoughts, please ...
Please note these are my own notes for future reference, by no means trading advise to anyone.
Also, please feel free to comment or share your thoughts.
With current uncertainly www.commsec.com.au
following is a snippet from news:
1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in...
With current uncertainly www.commsec.com.au
following is a snippet from news:
1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in...
Fortescue Metals Group (ASX:FMG)
This chart provides two price levels of established historical support. FMG shares have taken a bruising since late July in tight correlation with the drop in iron ore prices. Falling prices and the Evergrande debacle in China, its biggest importing nation, have been a 1-2 punch on this otherwise healthy and growing Australian...
