Iron oreSource: IGThe price of iron ore trades in a long term sideways rangebound environment, as we see the price continuing to whipsaw back and forth through the 200MA.In the short to medium there has been a downtrend in place which now looks to be reversing. The ‘W’ shaped price action below the 740 level marks a double bottom reversal pattern which suggests that the short to medium downtrend has moved into a near term uptrend. The reversal sees 795 as the initial upside target from the move.
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Last
25.0¢ |
Change
-0.005(1.96%) |
Mkt cap ! $289.3M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 25.0¢ | $974.2K | 3.812M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 232004 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 266136 | 3 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| GRR (ASX) Chart |