bullish

Iron Ore

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

209 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
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