Again Oil is currently over supplied. That‘s why Oil keep falling. Unless the supply side is fixed, i.e. OPEC reduce production, unlikely, we will not see an increase price in Oil.
Why do you think Coking Coal is going through the roof now? Again Supply and Demand, it‘s not hard.
Currently IO is in high demand due to higher demand from China, when would it cool down? Who knows but it‘s not yet, so why fight against the trend? WHC looked toppish for months now but SP keep going up because the price of their product keep going up, I‘m always amazed why traders keep guessing when to short stock purely on TA. There are so much to consider when invest or trade: Sentiment, FA, Macros. Shorters got burned from shorting at $5 because of these factors, these factors are still favour the longs.
DYOR
Frank
FMG Price at posting:
$6.28 Sentiment: Buy Disclosure: Held
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