This post maps the outputs from our quantitative macro analysis suite for RIO, BHP and most importantly FMG.
http://www.iqms.info/?p=1980
At the time we identified to model base and price action has subsequently come back to retest this in line with the dead cat bounce in Iron Ore prices
http://www.iqms.info/?p=2069
These links provide a visual representation of model outputs on price charts and also serve to map the overall mathematically probable market space in the spot Iron Ore market.
In line with some analysts we see a very real possibility for a further leg lower in Iron Ore into our target zone circa 73.50-76/MT and this should translate into an opportunity to accumulate at least the diversified miners at a discount to current prices (althout US QE to infinity has occurred since the original analysis was published making precipitous falls seemingly improbable).
We flattened out long RIO positioning into the close last week and do not have exposure now on AUM.
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macro quant map of fortescue market space
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Last
$25.94 |
Change
0.280(1.09%) |
Mkt cap ! $80.13B |
Open | High | Low | Value | Volume |
$25.92 | $26.08 | $25.83 | $19.98M | 770.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 2040 | $25.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$25.94 | 307 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 3240 | 25.920 |
7 | 2444 | 25.910 |
13 | 67036 | 25.900 |
5 | 1638 | 25.890 |
5 | 1386 | 25.880 |
Price($) | Vol. | No. |
---|---|---|
25.930 | 55 | 2 |
25.940 | 2556 | 14 |
25.950 | 3655 | 13 |
25.960 | 2689 | 10 |
25.970 | 1816 | 8 |
Last trade - 11.30am 06/05/2024 (20 minute delay) ? |
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Last
$26.00 |
  |
Change
0.280 ( 1.02 %) |
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Open | High | Low | Volume | ||
$25.92 | $26.07 | $25.84 | 147356 | ||
Last updated 11.49am 06/05/2024 ? |
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