bullish

Iron Ore

[IO Technicals Weekly 2024/​39] Iron Ore Surges on China Stimulus

231 Views01 Oct 2024 00:26
China's largest stimulus since the pandemic pushed SGX Iron Ore Futures to new highs last week, however technical indicators highlighting overbought conditions setting up a potential correction.
What is covered in the Full Insight:
  • Introduction
  • Stimulus Announcement Drives IO Rally
  • Short-Term Moving Averages Signal Sharp Bullish Reversal
  • RSI and MACD Signal Bullish Momentum but Overbought Conditions
  • Volume Profile Shows Thinning Volume at Top End of Rally
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 5-minute read)
Discussions
(Paid Plans Only)
chart-bar
x