Below is a daily on iron ore which has had a decent bounce and entered mild resistance so we'll see what gives from here.
Daily stochs are surprisingly overbought even with this pullback while the weekly and monthly remain well oversold
Looking at some numbers here and the main number to get back above is 651 which is the bigger range when major support gave way.
There is the makings of an upside target but as yet it hasn't been established so we'll see how the next few days play out.
Staying above 528 to 531 is the requirement at the moment otherwise target is 429 t0 435 of the current range with the main target at 428.2 of the bigger range.
We shall see.
Iron ore price, page-41277
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