Truely, the strangest Iron Ore price graph I have ever seen like the steep sides of a volcano.
The IOP stubbornly plateaued like the Table Mountain in Capetown for 3 months straight at around average of $US 220 per ton (around $AUD 300 per ton).
I hope the graph doesn't continue in drawing the remainder of the volcano in the coming months. If there is symmetry, then $150 seems to be the temporary support like Wacky (DLS or UBS) said.
Iron ore price, page-35270
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