Yes lots of signals (besides chart) to suggest we are at short term reversal point with herald sun running stories, Goldman Sachs putting out 'timely' revised forecasts on iron ore prices on Friday. Bit similar what they did with oil forecasts and hence saw short term low at 44.2 cents day after before rebounding back to 51 cents.
I will wait for confirmation as safety order of the day (and unfortunately lower buy order did not get hit today), but gut tells me we are at reversal point or day away from it.
Yes lots of signals (besides chart) to suggest we are at short...
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