Dallian can recover just as quickly. This is speculative trading causing this not physical supply or deman - the physical market is quite sluggish. Hence speculative trading in futures can have serious unpredictability - all it needs is some analyst to find a positive news and wham it will reverse. Who thought io will still be in the 80s?
My assumption is fmg will open close to the support/res levels at low 650s and depend on suppirtvwill move to the 6.60s before trading in the 6.50s waiting for futures to open in arvo.
Iron Ore Price, page-18081
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Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20914 | $22.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.50 | 6164 | 2 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |