All shares have a downside possibility, and an upside possibility, But the upside possibility is 10 times that of the downside.
Iron Ore seems to be tracking Crude OIL, Id like to see an overlay of Iron Ore and Crude Oil over the last year. Because I think it would be similar, The OIL Charts I have look pretty solid with a good Base in.
The OIL story and the Iron Ore has been a Media Beat up, pushing down the prices, The shale oil Progression has slowed, and so would have any future major Iron ore expansions, so the supply and demand is equalising in both Oil and in Iron Ore.
Christmas time is usually the 12 month Peak for both Oil and Iron ore,. Oil for the reasons many Boilers and heaters in the Northern Hemisphere have Oil demand in the Colder Months near Christmas time.
The Iron Ore Market Can be highest at Christmas as much of the shipped Ore comes from Brazil and Australia in the Southern Hemisphere, and there are Cyclone and Monsoon Risks to Supply around Christmas so hence the smelters tend to load up the stockpile around Christmas.
Gold Can be highest at Christmas with the season of gifts boosting the buying.
So Right Now mid-year is usually the Low point anyway for these types of Commodities,
Add to that some tax loss sellers and Greek creditcard debt pushes a few Stocks below Par.
The tide is out right now, Longterm-ers would be Buyers,
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Last
$19.22 |
Change
-0.270(1.39%) |
Mkt cap ! $59.17B |
Open | High | Low | Value | Volume |
$19.52 | $19.55 | $19.22 | $85.01M | 4.398M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 27260 | $19.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.33 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27260 | 19.220 |
3 | 15882 | 19.210 |
11 | 6971 | 19.200 |
2 | 2020 | 19.190 |
2 | 15102 | 19.180 |
Price($) | Vol. | No. |
---|---|---|
19.330 | 100 | 1 |
19.340 | 1600 | 1 |
19.350 | 14582 | 1 |
19.370 | 14582 | 1 |
19.390 | 5283 | 4 |
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