Trading Buy – Iron Ore
September 8, 2021 Leave a comment
At the time of writing, Iron Ore is trading $136.
It’s close to the $132 mark which is the upper end of the circled range in my article link below.
$132 is also its 100 week moving average.
Albeit there is a gap in the chart at $124.50 and I think it could be ‘backed and filled’, notwithstanding an additional 4%-7% decline, Iron Ore is nearing the region of a ‘trading buy’, which may give buyers a 35% bounce up to the $180 mark.
#ironore
September 8, 2021
by Rob Zdravevski
rob@karriasset.com.au.
rob zdravevski's blog 