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
SUMMARY
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