Very STRONG support at 3.50-55If that breaks (which i dont think...

Very STRONG support at 3.50-55

If that breaks (which i dont think so, but who knows) then 3.37-3.40, then 3.30 or 3.25-3.30 area has ver strong support

But with a strong market like this one and iron ore negotiations in the mix for a much higher price (altho mostly factored in id say, unless we gat a surprise), i think 3.50-55 is a very strong support base which i see holding coz the charts already changed and price movements usually drop when theres a change in the indicators

Prolonged down market can only send it lower INMO

***But then again thats just my view and ive been wrong b4 many times

idlike to see 3.50-55 area hold as thats major support as seen by the amount of orders and buyers; major down shif ion market over a few periods will worsen the charts and indicators.

i could be wrong coz im hoping 3.50-55 holds