By the end of 2022, the price of iron ore is expected to hit their lowest level in three or four years as global demand for the commodity continues to slow down, particularly from China, the world's largest consumer of iron ore.
In recent years, China has been cutting down its iron ore demand especially after the government placed restrictions on the industry to...
falling cycle 8.71% in 6 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving...
SGX NIFTY rounded bottom clearly indicates that more upside coming even bigger so I'm giving just 20000++ targets buy on any short fall definitely will be profitable. A new bull run is coming expecting unimaginable Target, that's how the pattern tells. Thank you.
ENTRY: 1.27
SL: 1.16
TP: 1.35
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- First breakout from range on 22 Sep 2022 with volume before retracement to resistance-turn-support area (1.03) and rebounded with volume on 6 Oct 2022.
- Breakout today from ascending triangle pattern.
- Entry today based on...
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Of the biggest comfort and relief to most people (including me) , I think it would be taking off the mask when we are outdoors ! We have been wearing it for 2 over years , a long time ........
People will flock to the bars, restaurants, hotel cafeterias, etc to resume their usual life once again and business in this sectors will...
Iron prices are very low currently and it looks like the support is near the current price. Will be interesting to monitor the price and see what has caused the sudden fall, there is a chance it comes from house demands weakening because of higher interest rates, but just my personal opinion.
As previously updated, the strong support still holds preventing the price from going down. As my prediction,
this will be sideways until the FOMC Result this coming Thursday. The FOMC will determine which path of direction up trend or down trend.
Predict to go until Low BB weekly then will bounce back due to the weakness of USD. Expected there will be sideways movement on next week on USD that will prevent the TSR20 price to go lower.
Break out zone will be the tested area whether it will continue up trend if fail to break then it will again go down trend.
30th Oct 2022
SATS gap down due to M&A.
However price reach the Covid low during 2022 around $2.50.
Worth to nimble at current price as investors may over-react on SATS M&A decision. (Based on Technical view)
Avoid if you worry on their upcoming earning report in Nov 2022
Resistance: $2.8/$3
Support $2.50
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.
ENTRY: 0.840
SL: 0.965
TP: 0.805
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FF -ve
- Moving averages are aligned.
- Breakdown on 13 Oct 2022 and tried to pullback in the next 2 days with resistance from support-turn-resistance area (0.900) and 10EMA.
- Entry based on today breakdown, >3% from 10EMA and engulfing red candle.
What can't go up must come down.
You don't have to be very smart.
You just have to avoid being stupid.
"It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent." - Charlie Munger
Meet my expectation of movement tested the support, break out went to Low BB, and now the Low BB line open little more to downtrend.
And starting today if the US DXY currency continues to strengthen the Rubber Price will continue target to the next D1 Fresh Strong Support. If the US Currency at sideways it will also reflect the Rubber price to fluctuate sideway...
Resistance & Support.
Sgx nifty showing resistance around 17460.
Now previous resistance around 17045 is a support.
It may retest the support and may bounce back to retest resistance again.
Otherwise it will form a bullish pattern below support and bounce back.
