gaps filled at 3.28. I brought back in again at 3.30.
This is what tipped me back in.
"Iron ore will rally to average $120 a metric ton as China rebuilds inventories in the year’s second half, rebounding from a decline in the next few weeks, according to Macquarie Capital (Europe) Ltd........
“Even without a robust restock, we believe the end of destocking should return iron ore prices to about $120 a ton” in the second half.
Perfect timing if TPI sale is announced soon, a double bounce.
terminal decline?, page-21
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