WDR
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0.00% 14.5¢ western desert resources limited

Spot iron ore cracked and looks destined to retest its June low...

  1. Stealth
    2,194 Posts.
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    21/08/14
    10:12
    Post #: 13849644
    Spot iron ore cracked and looks destined to retest its June low below $90.

    That's certainly not going to help the SP...could be in for a rough ride.

    SP in the past (2011, 2012 and 2013) increased in Q4 (Chart Below)...but based on the following comment in the article below "Right now technicals and s#*^ty demand are giving the bird to seasonality".



    http://www.macrobusiness.com.au/category/iron-ore-price/
    WDR Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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