Despite IO's significant rally after ASX close and into last night (which takes the IO price to the highest level since April 2023), IO stocks failed to hold their rally during US trade as shown by RIO's intra-day graph:
Note the significant divergence between RIO (blue line) and Iron Ore (similar applies for FMG, but not as dramatic):
I'm a bit stunned by last nights failure and hope for better on the ASX today:
Iron ore price, page-50345
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 (20min delay)
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Last
$22.51 |
Change
-0.085(0.38%) |
Mkt cap ! $69.13B | |||
| Open | High | Low | Value | Volume |
| $22.46 | $22.57 | $22.35 | $49.10M | 2.128M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 4063 | $22.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.51 | 3740 | 29 |
View Market Depth
| Last trade - 13.11pm 17/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |