The best time to trade is when "reversal" of the trend occurs, this is when the biggest profits can be made if you trade. You need to stop looking too closely at SP. It's hard to explain, I said if I see "fit" I'll buy or sell, but that "fit" included so many factors and right now, there are "bullish" and "bearish" factors, and it's not as clear cut.
Well, just as I type, SR/IO/SP all running now, remember I posted this morning at 10:35am:
Anyway, I had a looked at the SR Future graph last night, the current downward trend resistance is 3060 which is also MA30 and if it's broken today, you should see SR go for a bit of run, that should help the IO future. I was right last time so let's hope I'm right again.
That was part of the reason I bought this morning.
DYOR.
Frank.
Iron ore price, page-1094
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Last
$18.12 |
Change
-1.430(7.31%) |
Mkt cap ! $55.79B | |||
| Open | High | Low | Value | Volume |
| $18.76 | $18.85 | $18.12 | $253.5M | 13.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 14492 | $18.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.15 | 25635 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |