pear
The movement in the futures market may often be a
reflection of the spot price however it doesn't
influence anything except itself!
What Twiggy said was:
"What’s created [is] a manipulated market [that] is the nauseously repeated statement of oversupplying the market, of driving down the iron ore price, of being the last man standing."
He is talking about, talking down the spot price!
The futures market is a good reference for daytraders but it is only part of the
picture any one who bases their whole trading stratergy on the IO futures is going to get smashed!
The world is not held hostage to the Chinese futures market!
I guess what am trying to say is there are more important things to worry about like the whole Chinese economy grinding to a halt!
So don't worry about it!
pear The movement in the futures market may often be a...
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Last
$21.90 |
Change
0.040(0.18%) |
Mkt cap ! $67.42B | |||
| Open | High | Low | Value | Volume |
| $21.92 | $22.11 | $21.82 | $224.3M | 10.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3932 | $21.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.90 | 400 | 1 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |