Pretty sure iron ore is experiencing a short squeeze due to obscene positioning in the market... If Rio chases the iron ore price it will get rekt in my opinion.
China's data is so weak and the stimulus everyone was hoping for doesn't seem to coming, the US will also keep rates higher for longer. RIO under $100 by November in my view.
Pretty sure iron ore is experiencing a short squeeze due to...
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 (20min delay)
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Last
$115.81 |
Change
-1.120(0.96%) |
Mkt cap ! $42.99B | |||
| Open | High | Low | Value | Volume |
| $116.50 | $117.43 | $115.81 | $112.8M | 971.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1571 | $115.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.30 | 500 | 1 |
View Market Depth
| Last trade - 16.14pm 30/07/2025 (20 minute delay) ? |
| RIO (ASX) Chart |