a little lower for Iron Ore prices

Coking Coal and Steel prices appear in the extreme oversold categories within this weeks edition of Macro Extremes.

I expect Iron Ore to do the same in the coming weeks, more so as I expect it to fall a further 9%.

The strength of the downward trend of the Singapore 62% contract is intact.

I’m looking for it to trade to $87.50.

Clients will receive buy price suggestions to consider investment in the equity of related companies.

August 18, 2024