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Iron Ore Prices at Risk as Prices Trade in Descending Triangle
看空
SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,May-2024,Composite Futures
(
SGX:FEF1!
)
Thomaswestw
Plus
SGX:FEF1!
SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,May-2024,Composite Futures
Triangle
ironore
IRON
Metals
metal
1
1
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ironore
iron
metals
metal
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.
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