Technicals - Iron ore major support broken
QMG Pty Ltd
The Dalian iron ore futures contract closed below major technical support yesterday which indicates the potential for the next downward move. Major subsequent support / the minimum downside technical price target is located at 345.
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.