This FMG technical thread doesn’t have to be just about the FMG chart.
There is basis for considering charts of international market indices and some commodities that relate to global economic conditions, because FMG is a globally recognised iron ore miner impacted by trends in global indices and some commodities.
Recently I have included some commentary and charts comparing FMG and the US DOW. Below is a chart of oil.
Oil has recently broken out above a long term down trend, and imo is threatening to go higher … a high oil price is bad for inflation. An against trend rise in inflation 2-3 months out would be bad new for global markets … I will likely exercise some caution if I see oil continuing to break out.
Dex
FMG Technical Analysis, page-9868
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Last
$17.26 |
Change
0.250(1.47%) |
Mkt cap ! $53.14B | |||
| Open | High | Low | Value | Volume |
| $17.22 | $17.37 | $17.10 | $105.8M | 6.139M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $17.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.27 | 19878 | 3 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |