Higher open got smashed in morning but arvo hold was strong.
Close at 4.00 at TA & psychological pivot
The monthly chart looks like todays daily chart.
We are seeing a classic flooring and rebound pattern here
Since the double bottom at 3.60 the run to 4.30 was the 70c runup and then the retesting consolidation at 3.80-4.30
So its a higher low formed and needs to clear 4.30 to set the TA charts ablaze.
The 4.00 hold is also important for a friday weekend close.
Dec/Jan is seasonally bullish for FMG & IOP with highs forming by February
so expect a run to 4.65 by then imho
Expect Trump & Xie to do a deal, its business after all, not personal.
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