Breaking of that 4.30 resistance line is fading by the hour. First support level is at 4.11 and below that is 4.06 and 4.00 are the support levels. Dalian is not doing anything as well, BB has max limit of 4.18 do not think there will be any BB today, may be falling to that 4.00 mark will cause the BB to occure again. We know AF is buying below 4.00.
Therefore the possibility of this going to 4.00 is high and I will be waiting to pick up some.
Iron ore price, page-8857
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