Gday Convexity I always enjoy your posts and this is a good chart.
I always look at FSUGY overnight but there only seems to be light volumes so how good do you think the price action serves as an indicator for our market?
Years 2020 to 2023 certainly blitzed the overall market.
2024 seems to have handed some of those gains back declining 43% against the Aussie Resouces Sector decline of 20% YTD.
20EMA heading south, MACD oversold with lower highs and lows in 2024.
It will be interesting to see where price goes from here.
Cheers
Minval
Iron ore price, page-54392
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Last
$18.63 |
Change
-0.920(4.71%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $18.76 | $18.84 | $18.59 | $25.13M | 1.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 52764 | $18.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.64 | 4269 | 9 |
View Market Depth
| Last trade - 10.16am 11/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |