FMG 1.63% $21.76 fortescue ltd

Truely, the strangest Iron Ore price graph I have ever seen like...

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    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.
    https://hotcopper.com.au/data/attachments/3465/3465319-833873f7729adef89d767e636b5ba603.jpg





 
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