bullish

Iron Ore

[IO Technicals Weekly 2024/​40] Expanded China Stimulus Supports Bullish Iron Ore

203 Views07 Oct 2024 21:38
IO surged $5.64/ton early last week. Expanded China stimulus plan supports bullish momentum in Iron Ore but caution is advised as prices approach resistance and overbought levels.
What is covered in the Full Insight:
  • Introduction to China's Stimulus Impact
  • SGX Iron Ore Futures Overview
  • China's Economic Indicators and Trends
  • Technical Analysis of Iron Ore Futures
  • Hypothetical Trade Setup and Conclusion
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