The reason this is down (as are other IO miners) is because Rio manager said it expects downward pressure on IO price (http://www.4-traders.com/RIO-TINTO-LIMITED-6492854/news/Rio-Tinto-Sees-Downward-Pressure-on-Iron-Ore-16557637/). Nothing that was not known before but any excuse will do to run down the SP or run it up when it suits the big kids. Expect another red candle tomorrow with overseas markets bouncing tonight, XJO opening at the top again and closing near bottom. The last time I made such a prediction I was grossly wrong...
charting rio - is $60 key support/resistance?, page-7
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 (20min delay)
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Last
$115.70 |
Change
-0.510(0.44%) |
Mkt cap ! $42.94B | |||
| Open | High | Low | Value | Volume |
| $115.93 | $117.27 | $115.08 | $98.58M | 849.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | $115.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.80 | 2712 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |