interesting price action in IO, close to testing notable technical levels around AU$475 (chart from IG):
+ trendline support through June & September 2016 lows
+ support zone across Aug/Sept 2016 highs and Nov 2016 consolidation zone
+ A-B-C type measured move (2 black arrows)
from March 2017 high to low ~ $125 to $460/$470 region
+ 61.8 Fib retrace from entire May 2016 to Feb 2017 range
Chart looks ugly but another shakeout could provide a good trading bounce...price action around AU$460/$470 level is one to watch.
Iron ore price, page-745
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |