Cheers XKON
ANZ COMMODITIES (Feb 11) Bulk commodities were mildly stronger as iron ore recovered with some buying activity offering support to prices.
The recent pick-up in prices is supported by March iron ore delivery when construction activity is expected to begin reviving following a seasonal slowdown.
Just watching today where sector is down....I watch majors as a barometer.......
Last nights price chart closed on what is known loosely as a reversal tweezer bottom...without a significantly lower shadow it probably just means more accumulation...
I did notice a 750,000 prop on the buy side moving away from the action just on close...motives are curious..there appears to be a couple of insto bots at play and ChiX midline trades just to add confusion...we can really only wait as there is nothing clear in the current trend analysis imo..
Heres a snap of today
and a some what cramped view of the midrange RSI and Stochastics showing no direction atm.
hmm 21 buy depth just got hit while preparing the post....that now leaves a doji procrastination pattern on the daily
its all fun ....stopped raining must get back to the weeds ...cheers
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Cheers XKON ANZ COMMODITIES (Feb 11) Bulk commodities were...
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