From mid-September until the end of October, Iron Ore appeared to have found a safe space above US $100. Now, after a steep decline beginning October 27, 2021, Iron Ore has started to test May 2020 lows, close to US $90 per metric tonne. The commodity is grating against predictions by ANZ Bank (ASX: ANZ) for it to “find a floor around current levels”. Demand (or...
Fortescue has been in a steady downtrend since the drop of iron ore prices in August. Since October, however, it was able to hold support at around 14 over and over again. With the recent drop in SGX:FEF1! this especially notable. I am fundamentally bullish on Fortescue due to its fundamentals (balance sheet, green hydrogen ambitions, autonomous hauling) but...
So the Fe ore price hasn't caught up to FMG yet, with sentiment being LOW LOW LOW LOW a big skew IH&S is what I reckon shoudl happen... let's see the next few weeks.
I thought it woudl keep going up, but it's exytended that thin bullflag into a lower cell - so double and and there's snot only neat symmetry with a lower cell and a good waisteband lining up with features to hang them off, but multiple gradients in there .. SO another week or so for FMG, I'd reckon, with a retest of the TL below - see teh RSI30 line coming up to...
AUDCHF is plummeting at the market open today prior to the CHF trade balance data, which reveals the balance of imports and exports in Switzerland. Technically the pair is rebounding out of the fibonacci golden pocket resistance, and we are looking for downside into the 0.6650 level.
The recent drop in iron ore prices has seen the major mining companies being beaten down, the selling has now reached panic proportions and of all the big miners Fortescue has faired the worst. While I am not saying this is a good time to buy, as iron ore prices still have fundamental head winds to contend with and the prices can certainly move much lower before...
Iron Ore Price: tradingeconomics.com flic.kr flic.kr
Fundamentals Now is the best time to buy Australia's stock market index, as Australian companies exporting commodities to the rest of the world during the recent commodity boom, is pushing up the share prices of the biggest mining companies within the country and pushing up the index!!! Mining companies are seeing their share prices rise due to the booming...
Inflation is the term that indicates rising prices for goods and services in an economy, while rapid and out of control rising of prices indicates Hyperinflation . While following the rapid increase in prices of commodities and metals such as Lumber LBS1! and Iron Ore TIO1! , it is accurate to say that global economy is being driven to Hyperinflation due...
Commodity markets are 20 to 25-year cycles. When commodities are at their lows relative to the S&P500, it is usually an opportunity of a lifetime. VALE is a great example of a base metals producer that will do incredibly well in the coming years. It also pays 8% dividend. Combine an increasing share price with a high dividend and you've got a stock you can't...
We have a long term buy set up for the AUD/USD. In this video, we look at how Iron Ore is a key export for Australia and the effect the commodity price has on the AUD/USD exchange rate. With China's economy expected to grow in 2021, an increase in Australia's key export to the world's second-largest economy should support a continuation of the bullish momentum...
Thanks for viewing. This will just be a short one. My reasons for bearishness are: - bearish RSI divergence (higher price high shown as a lower high on the RSI - at a minimum indicates reduced momentum but normally precedes changes in price direction), - MACD histogram is trending downward quite steeply, - MACD moving averages look like they are starting to head...
Broken out of a nice consolidation below the key level of $3, on the hourly it has retested the broken resistance so now I'm watching for a sign of continuation of the move higher before an entry.
with solid support at 6 , this long term play could pay off, would scrape 50% at lows and average up post brake-out on yellow trendline.
Assore Ltd was in a solid downtrend for the best part of the 2nd half of 2019, dropping from a high of just over R400 down to a low of R215. However, towards the end of 2019 we saw the stock break the downtrend line (DTL) and start to trade above the 50 dma (blue line) which was the first clue that the stock was turning the corner. During December, the stock then...
Commodities have remained very cheap against the recent rise in Major World Indexes. This includes iron ore. And this cheapness can create opportunities in the iron and steel industry. The price can get even cheaper. The analysis does not contain a very high quality risk / reward ratio, but I think it is possible to make very profitable trades based on this idea...
Iron ore futures is reversing upon a weekly stretched ABCD completion which is confirmed by price action hitting SSR resistance and breaking down below key MA support. Iron ore prices has been supported largely by supply issues but demand is being tested this trade war. Not sure those highly indebted property developers in China, especially those which have been...
3 scenarios: 2 bull 1 bear. 1. Bullish upper trend-line break from first wave leading diagonal (T1 equal to or greater than $106 and T2 ~$139), 2. ABC correction (blue) following extended correction - we are currently in wave B triangle (T1 $106 for 1:1 wave A), 3. Downward breakout for additional corrective retrace. At this stage scenario 2 looks the more...