FMG 1.24% $21.59 fortescue ltd

Interesting action in IO markets overnight.Rejected from some...

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    Interesting action in IO markets overnight.
    Rejected from some key technical levels on both daily and weekly timeframes.

    IO still on the up until proven any different but price action overnight suggests a potential breather or reversal may be on the cards.

    Will be interesting to see how IO closes the week.
    Was only a week or so ago that the sell off in oil was blamed on fears of a stalled China reopening, yet IO markets suggest the opposite.

    I think one of these markets isn't telling the truth...

    Daily
    https://hotcopper.com.au/data/attachments/4901/4901414-ebc8fa21b47ccd1ebc13a631ceb47dac.jpg

    Weekly
    https://hotcopper.com.au/data/attachments/4901/4901415-0336797e3493932c8f51b08caa99f979.jpg

 
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