I predict the SP to open at 5.70
It will test 5.66 resistance
It will close at 5.78 today.
The reason for my view is as follows
Shorter s dropped the sp by 4c yesterday at the close.
If the io spot price drops it's good for FMG. High cost producers will stop supplying io. fMG supply more quantity with lower profit.
Dalian will increase after 11.00 am
Good luck.
FMG Technical Analysis, page-108
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Last
$21.82 |
Change
-0.590(2.63%) |
Mkt cap ! $67.18B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.19 | $21.80 | $110.2M | 5.031M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11208 | $21.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.82 | 8653 | 1 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |