I’m thinking it’s more that psychological barrier at $9. The CFD day traders are milking it for all its worth - 54% of trades on Friday were shorts, I’d bet it was around the same today. They r just driving it up and down during the day making 7-8 cents on each side
push it below $9 a few panic they get the cheapies then drive it back up, followed by big sell off and quick drop, repeat.
haven’t seen an influx of buyers in the morning last 3 days, if don’t see one tomorrow would expect a small pull back. If so I’m hoping for 20 centsbefore another run of at least 70 cents
Iron ore price, page-16180
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |