Learn how to make money from stock market instead making childish posts, and stop dreaming about winning lotto every month.
Not hard if you focus on REAL INFORMATION. I said yesterday:
"There are no bad news affecting the IO Future, just profit taking like I said yesterday, taking a breather. Steel market were not strong yesterday, so the Market probably think Steel prices are a bit high. Buy in dips if you are still accumulating."
That was when SP was $5.85.
Looks like Dalian IO and Shanghai SR Futures are done with profit taking, and should resume rally. Construction Steel Inventory Weekly Report out last night at 10:30pm showed a slight increase and was expected. Increase was smaller than expected, hence the Futures went up last night.
Now let's hope the big boy had enough of $5s shares and get the SP moving past $6 soon.
DYOR.
Frank.
Iron ore price, page-2593
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |