Capesize

17950

Sep-17
0.00 0.00%

Panamax

11175

Sep-17
225.00 2.05%

Iron Ore

76.5

Sep-17
0.85 1.12%

Sing 380

278.25

Oct-17

Coking Coal

208

Sep-17
0.00 0.00%

Nola Urea

212.5

Sep-17
0.00 0.00%

FIS Technical – Iron Ore May 18


FIS Technical – Iron Ore May 18

The 3 inside day candle pattern signalled that the daily chart was entering a corrective phase. A new market low has now negated the bullish technical move. For those that do follow Elliot Wave (not a massive fan here) it would appear that a five wave pattern has completed and we are now on leg A of the corrective phase.

iron ore 7-12-17

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