bearish

Iron Ore

[IO Technicals Weekly 2024/​38] Iron Ore Falls Below Key Support Level Amid Weak Fundamentals

221 Views23 Sep 2024 22:27
IO started the week below key support levels, extending last week's decline. Weak fundamentals indicate further downside but neutral momentum suggest waiting before entering.
What is covered in the Full Insight:
  • Introduction
  • SGX Iron Ore Weekly Performance
  • Economic Impact and Inventory Changes
  • Technical Analysis and Indicators
  • Conclusion and Trade Setup
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