Trying to hear what's not being said
November 12, 2024 Leave a comment
The price action and ‘set-up’ for the stock prices of various Iron Ore companies isn’t attractive.
I’m watching a few signals before I become confident about the expected ugliness.
BHP and Fortescue may be the first to make the move lower.
If so, Rio Tinto’s ASX stock price could test A$93.00 initially and I’d become a giddy buyer at A$85.65.
November 12, 2024
rob@karriasset.com.au
September 4, 2024 Leave a comment
It’s nearly 10 years since Australian Iron Ore and Lithium mining company, Mineral Resources (MIN.AX) last traded this many percentage points below its 200 week moving average.
September 4, 2024
by Rob Zdravevski
rob@karriasset.com.au
September 3, 2024 Leave a comment
I’ll still waiting for lower uranium, copper and iron ore prices.
Equally, I’m not interested in oil or gold unless they are 20% lower than today’s price.
It all may sound odd as I’ve been warming towards commodities for the past few months…….it’s just not these ones, yet!
September 3, 2024
by Rob Zdravevski
rob@karriasset.com.au
August 22, 2024 Leave a comment
The stock price of the Australian iron ore mining company, Fortescue (FMG.ASX) has just declined enough to register a weekly oversold reading for only the 7th moment in the past 20 years.
This is keeping with my recent expectations of lower iron ore prices.
I think there is a little more downside before my entry point is reached.
August 22, 2024
by Rob Zdravevski
rob@karriasset.com.au
August 18, 2024 Leave a comment
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
July 14, 2024 Leave a comment
I see a change in trend for Iron Ore prices coming “soon”;
and so the effect on the various companies involved within the supply and production chain.
July 13, 2024
March 14, 2024 Leave a comment
3 months ago, Iron Ore appeared in the overbought category of my corresponding weekly editions of ‘Macro Extremes’.
That observation (along with my other metrics) tells industry participants and traders a) you have little business establishing new long positions and b) sellers should consider selling.
As #ironore prices approach oversold territory, the downward trend has strength.
I’ll look for a lower entry price and that translate into the equity prices of related companies.
p.s. #steel companies will have a better time to buy as well.
March 14, 2024
by Rob Zdravevski
rob@karriasset.com.au
September 2, 2022 Leave a comment
The Iron Ore futures (Singapore traded, 62%) price dances nicely along with the stock price of Rio Tinto (RIO.ASX)
September 2, 2022
by Rob Zdravevski
rob@karriasset.com.au
August 25, 2022 Leave a comment
China Industrial Production (CNIPYY) and the price of Iron Ore have a seemingly symbiotic relationship.
I found it interesting (or coincidental) that when CNIPYY spikes or rallies above its 100 week moving average, the price of Iron Ore jumps and peaks.
I think the price of Iron Ore is closer to seeing a low. I’m look for it to touch the $96-$98 mark.
If that occurs, you should see corollaries in Chinese stock indices, the price of Rio Tinto and selected steel companies.
Incidentally, the 10 year average of the CNIPYY has been ~ 11.
August 25, 2022
by Rob Zdravevski
rob@karriasset.com.au
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