I've been predicting Mid-March the whole 2019 to go.
Franky, The first 2 weeks of March iron ore played out like i thought it would, little weakness due to the shutting of mills for the yearly event.
Im pleased to read your positive stories and dalian broke out bullishly, Only issue i think will be the rate rise this week, although most say it's baked in i still think the US$ will rise and aussie will weaken which is not great for the iron ore price.
If the above plays out i note that there is usually 2 weeks of US$ strength after a rate rise, so maybe iron ore weakens for a couple weeks after Wednesday then back into recovery. Thats what i think could play out, I hope i am wrong.
Iron ore price, page-28
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