Iron ore price, page-36946

well they certainly pinned it - ore futures

rebound to flat 760 is yesterday cratered in the last 15M of the safternoon session, so set low of approz about 729.2

afternoon it pushed back 740-750y but again it was sold back , overnight down again, almost trying to test the low of the other day of 715,,,but instead about 724y

accumulated short positions as posted yesterday were definitely reloaded , fell to 15M ish outstanding and next day boom 48M, so some very big puppies trading when you consider the approx Dollar value placed short in a day and in total............

Lots of bad mainstream press about China and OZ out there, iron ore predictions, steel markets etc promoting more fear than greed -

bought back lower but my hold doesn't look to positive at present given the market calls and market moves overnight.

See how it goes -Good luck