FIS Technical – Iron Ore Jan 18

FIS Technical – Iron Ore Jan 18

Downside pressure failed to test the CNY 501 support, and crucially it failed to close below CNY 530 on the weekly chart. Upside moves are now showing signs of slowing momentum, however the trend remains bullish. Market longs should be cautious on a close below CNY 572.5 on the weekly chart.

iron ore 25-8-17

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