FMG 2.84% $20.72 fortescue ltd

Very simple Bert- sp is responding to price of io on Dalian...

  1. 2,012 Posts.
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    Very simple Bert- sp is responding to price of io on Dalian exchange. It opens at 11 AEST so with the io price under regular pressure, daily io spot price has been down more often than up, hence the fade going into the afternoon on such days (recently many). The reverse will happen when io goes up.
 
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