FMG 0.82% $19.98 fortescue ltd

Lunch break here and the Dalian market is currently at 959 Yuan...

  1. 467 Posts.
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    Lunch break here and the Dalian market is currently at 959 Yuan which is around $146.68 USD at current exchange rates.

    Lets see how it holds tonight? If it held at this level I think we can definately say it has or will very soon reach and go above 140 USD for the other exchanges.

    I think there is a lot of profit taking which is to be expected. Anything close to 20.65 aud close tonight will be a good place to consolidate.

    Our average IO price for December might even be above 140USD.
 
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