I see the price of iron ore is starting to slide after Vale said they are going to restart their Brazil operation.
It means about 30 million tonnes of iron ore will come back onto the market.
So be vigilant.
I'd be expecting CIA to retrace to at least $2 just for starters.
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- Day Trading Pre-market Open – 18 Apr 2019
Day Trading Pre-market Open – 18 Apr 2019, page-4
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