As they say the trend is your Friend .
90 is definitely major support amongst the traders that set the trend .
What everyone seems to forget is nothing has changed just words for now iron ore is still going out the door big time and will continue why because part of being a communists regime is you need to house feed and keep your people in work and creating meaningful long term work requires projects of the magnitude that have kept it successfully in
power to date.
This is just a thought but if they really wanted to send a message across bow and to the rest of the world ,they would only accept FMG iron ore from Australia why because it would show us that Andrew Forest was correct to support the cause and not rock the boat so to speak .
Even if it was short to medium turn .
Now what would that do to the share price Mmmmmmmm.
Iron ore price, page-21577
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$22.10 |
Change
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Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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