Iron Ore Futures ~ Snapshot TA / Coiling like a Steel Roll
Iron Ore Futures coiling like a steel roll in a series of Lower Highs & Higher Lows since October 2022.
Break above 116.60 = Bullish momentum towards 134.85 (38.2% Fib Retracement)
Break below 99.40 = Bearish momentum towards 77.60 (78.6% Fib Extension)
Seasonality typically favours the Bulls running strong into end of year - we'll see if it still rings true this year, given China's current economic woes..
Boost/Follow appreciated.
Futures:
FEF1! FEF2! TIO1! TIO2!
ASX:
BHP 
RIO 
FMG 
MIN 
CIA
NYSE:
VALE
Break above 116.60 = Bullish momentum towards 134.85 (38.2% Fib Retracement)
Break below 99.40 = Bearish momentum towards 77.60 (78.6% Fib Extension)
Seasonality typically favours the Bulls running strong into end of year - we'll see if it still rings true this year, given China's current economic woes..
Boost/Follow appreciated.
Futures:
FEF1! FEF2! TIO1! TIO2!ASX:
BHP RIO FMG MIN CIANYSE:
VALE
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