FMG Technical Analysis, page-4753

Well, should probably look at some hard core numbers to see if any sense can be made of today's action.
A strong open above target of 11.53 then a steep reversal down to 11.10 then it reverses back up to create a new range to the upside with minor resistance at 11.21 which after a while was exceeded and then on to major resistance at 11.305 which failed to hold. And then back down to the low of the day at 11.10 then back up to minor resistance at 11.21 of which it couldn't get through so it dropped lower to close at 11.14
The best guess as to what happened at the open here is that the buying volume was weak and sellers sensed it and pounced.
Now this thing is in a daily impulse leg higher even though its had a significant reversal and failed to hold major resistance. So 11.21 is the first number to get through on the upside.
Support for this range is at 11.10
Zero technical damage has been done on the daily chart but fmg is struggling here.
Iron ore closed higher so the current impulse leg up continues.
Another night in the casino awaits.