I can only assume it is.
I have a CFD account with IG markets and the IO chart I'm using is (CNH100)
Things are starting to get a bit more interesting as Hong Kong is down 400 plus points and US futures are slipping lower.
Iron ore is reversing lower after the gap close albeit not by much.
There is no drama out there yet, just a few niggling signs.
Quite often a return from a holiday can signal a change of trend.
I've taken a long position for tomorrows announcement. Its what one might say is just a gamble.
We'll see what happens at tonights casino.
Regarding IO there is minor resistance/support at 619.55 with major resistance at 557.9 and a break below this number looks to be very problematic.
On the plus side we have the upside impulse leg that is currently in motion so we'll have to see how that finishes.
FMG Technical Analysis, page-4713
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