FMG 0.82% $26.77 fortescue ltd

Iron ore price, page-52135

  1. 10,127 Posts.
    lightbulb Created with Sketch. 1361
    At one point it was looking like an excellent night for BHP and RIO as Copper appeared to make a significant break to the upside before pulling back:

    Copper (short term)
    https://hotcopper.com.au/data/attachments/6164/6164958-a55ef71f403058fc2418e339af37394a.jpg

    But look at where Copper is long term and ponder BHP....

    https://hotcopper.com.au/data/attachments/6164/6164964-a16983295717ec9ecf6677274569b412.jpg

    The correlation is far from perfect due to BHP's diversified business interests, but it should be becoming more correlated to copper, not less (BHP blue line):

    https://hotcopper.com.au/data/attachments/6164/6164967-315c3cb8777d61e279b910360f2f42e4.jpg


    Reasonable gains expected at the open:

    https://hotcopper.com.au/data/attachments/6164/6164956-bc90bc958b12ad54c4995e4dd05ba470.jpg
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$26.77
Change
-0.220(0.82%)
Mkt cap ! $82.42B
Open High Low Value Volume
$26.70 $26.82 $26.48 $81.59M 3.059M

Buyers (Bids)

No. Vol. Price($)
2 1694 $26.76
 

Sellers (Offers)

Price($) Vol. No.
$26.77 15336 1
View Market Depth
Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
$26.79
  Change
-0.220 ( 0.59 %)
Open High Low Volume
$26.70 $26.81 $26.48 685458
Last updated 15.59pm 24/05/2024 ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.