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Iron Ore - Coiling
SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,Jun-2024,Composite Futures
(
SGX:FEF2!
)
Trad3r_16
Premium
SGX:FEF2!
SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,Jun-2024,Composite Futures
Support and Resistance
Trend Lines
Parallel Channel
3
0
supportandresistance
trendline
parallelchannel
The price of Iron Ore is coiling in a large triangle (blue uptrend & yellow downtrend) and a breakout in either direction is imminent. Bias would most likely be to the upside as there is quite a bit of support - TL and Horizontal - around 98.
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