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Ironore

ASX:FMGThe recent drop in iron ore prices has seen the major mining companies being beaten down, the selling has now reached panic proportions and of all the big miners Fortescue has faired the worst. While I am not saying this is a good time to buy, as iron ore prices still have fundamental head winds to contend with and the prices can certainly move much lower before smaller miners are forced out the market and the supply glut begins to dissipate. However expect some consolidation or a small bounce within the highlighted zone before any moves lower are made. This zone will be the first major test for bulls if the can keep prices around the $15.00 mark and a floor develops in the next few months in iron ore prices this could develop into a good buying opportunity. Don't be surprised though if price consolidates before moving lower to one of the highlighted support zones. *Not a recommendation to buy or sell, simply for educational purposes*
ASX:FMG
by MarkE
2
ASX/200 - NOW IS THE TIME TO BUY AUSTRALIA'S STOCK MARKET INDEX Fundamentals Now is the best time to buy Australia's stock market index, as Australian companies exporting commodities to the rest of the world during the recent commodity boom, is pushing up the share prices of the biggest mining companies within the country and pushing up the index!!! Mining companies are seeing their share prices rise due to the booming commodity demand from the re-opening of the global economy as the vaccination rollout is pushed forward, alongside the commodity and precious metals demand for the transition into clean energy. Commodities Australia’s commodity export economy is reliant on export demand, especially from China. Therefore with strong global economic growth expectations from fiscal and monetary stimulus, Demand will be strong for Australian exporters, along with Domestic growth, supporting Australian equities. Key Economic Data To Watch Chinese & U.S Manufacturing PMI Correlation - S&P500 & ASX/200 Historically move closely together. Technicals A breakout above the recent high 7175 would be another opportunity to enter a long buy position. Risk Management ATR Volatility Stop Loss: 13.00% Risk/Reward Ratio | 3:1 Stop Loss Area: 6188 (925points) Take Profit: 9301 (2,191points)
ASX:XJOLong
by KayansMarkets
2
Gold Builds Up As Hyperinflation Risk RiseInflation is the term that indicates rising prices for goods and services in an economy, while rapid and out of control rising of prices indicates Hyperinflation . While following the rapid increase in prices of commodities and metals such as Lumber LBS1! and Iron Ore TIO1! , it is accurate to say that global economy is being driven to Hyperinflation due to mismanagement of economical struggle caused by Covid-19 Pandemic. Gold offered and offers strong potential for gains in economic struggles and even after economic recovery occurs, given how undervalued at this time relative to high prices of commodities. Taking all these fundamentals into consideration combining with technical analysis, Gold price does not reflect its value. You may see my long position strategy below and on the chart, Entry Point: 1870.00 1st Target : 1950.00 2nd Target: 2075.00 3rd Target: 2180.00 Stop Loss : 1800.00 Thank you and stay tuned for more strategies! Please leave a like and comment what you think. Trade safe and have a nice Monday
FOREXCOM:XAUUSDLong
by gorkemaydogan
Iron Ore - where to next?Thanks for viewing. This will just be a short one. My reasons for bearishness are: - bearish RSI divergence (higher price high shown as a lower high on the RSI - at a minimum indicates reduced momentum but normally precedes changes in price direction), - MACD histogram is trending downward quite steeply, - MACD moving averages look like they are starting to head towards a cross-over to the downside, - Declining volume over the past 18 months (seems to average over 400 in May 2019 and is about 120 now), - A generalised global industrial slowdown. I may be wrong, or I may be right but just too early, and there may be residual upside remaining. Medium term I see price heading back to ~$40 level. Protect those funds.
COMEX:TIO1!Short
by flyinkiwi10
$ASR Assore Ltd looking technically constructive. (Bullish)Assore Ltd was in a solid downtrend for the best part of the 2nd half of 2019, dropping from a high of just over R400 down to a low of R215. However, towards the end of 2019 we saw the stock break the downtrend line (DTL) and start to trade above the 50 dma (blue line) which was the first clue that the stock was turning the corner. During December, the stock then broke its previous swing high horizontal resistance level at approximately R262 before encountering some closing price resistance at approximately R272. In addition, the last few pullbacks on the stock have been supported by higher swing lows (UTL), which further adds to my conviction that the trend has changed on this counter. Today, the 14th Jan 2020, we are starting to see the stock clear this resistance level, and should the stock convincingly close above R272 by EOD, it looks like we have the all clear for the stock to now trade higher and tag the major resistance level at R310-R314 where we will encounter both the 50% fib retracement of the entire period, as well as the 200 day moving average (green line).
ALong
by MarcoOlevano
MT Buy Opportunity LoadingCommodities have remained very cheap against the recent rise in Major World Indexes. This includes iron ore. And this cheapness can create opportunities in the iron and steel industry. The price can get even cheaper. The analysis does not contain a very high quality risk / reward ratio, but I think it is possible to make very profitable trades based on this idea in lower time frames. Parameters Risk/Reward Ratio : 1 / 1.68 Stop-Loss : 13.632 Goal : 20.43
EURONEXT:MTLong
by Noldo
Bullish signs from Iron Ore Futures 3 scenarios: 2 bull 1 bear. 1. Bullish upper trend-line break from first wave leading diagonal (T1 equal to or greater than $106 and T2 ~$139), 2. ABC correction (blue) following extended correction - we are currently in wave B triangle (T1 $106 for 1:1 wave A), 3. Downward breakout for additional corrective retrace. At this stage scenario 2 looks the more likely. Before getting too far ahead; look for a lower trend-line bounce first. This is a 100% technical analysis and no element of fundamental analysis was considered. I am not a professional trader and my analysis if shared simply to further my own education.
I
by flyinkiwi10
Correlations Between AUDUSD, Coal, and Iron OreI've been taking quite a deep look at the relationship between correlatives of the Australian dollar lately. There's no question that this deep dive would be remiss without looking at correlation coefficients between AUDUSD and that of commodities it exports, primarily iron ore and coal. The chart really speaks for itself. Aussie dollar sees strength when coal and iron prices are up, weakness when its down. Pretty simple. Not much more to say beyond that, but the implications for this relationship are quite fundamental to several questions vis-a-vis the Australian economy such as financial diversification, their reliance upon Chinese imports, not to mention the environmental tolls the Aussies have suffered from global carbon emissions. All issues, public policy or financial, must recognize this important financial relationship before going forward to reassess any changes to the economy that come down on it. At the very least, the implications of these correlations need to be recognized.
by WhiskeyTangoFoxtrot3
Iron ore futures contracts have reached two-year highsIron ore futures contracts have reached two-year highs  driven by a dam collapse at a Vale mine in Brazil. The work of the mine was suspended, which affects the volume of supply in the market. Such an accident is difficult to fix in a short time, and the market agrees. We see it in the prices of long term futures contracts. Since the accident, the rise in the value of futures contracts amounted to From 18% to 24% on the NYMEX From 10% to 15% on Dalian Commodity Exchange in US Dollars
I
by atomoxod
Vale Holding Up Well in a Tough MarketVale is currently benefiting from the rise in iron and copper ore over the last several months. The stock broke out back on 12/20 and ripped higher for weeks until the recent market volatility caught hold of it. However, even as the market as tanked Vale has held up relatively well, ~4.6% vs. ~8.8% drop for the S&P500. Look for the stock to shoot higher is the market turns positive in coming weeks, however not much can survive the carnage we have seen lately.
NYSE:VALELong
by gthom9
Flag Pennant Breakout Giving $0.85c TargetHazer Group today broke out on light volume. The previous move (spurred by material news in regards to their graphite and hydrogen technology) of ~65% from $0.41 to $0.68 represents a move of $0.27 which gives this latest movement a target of $0.85. This also correlates with the historical all-time high. Since the initial move the on 3/10/17 the previous price action has consolidated on declining volume indicating that sellers are done, the move to the upside confirms this. With a HOA recently announced with ASX:MIN for the development of a battery grade graphite plant and a further MOU signed with Primetals for investigation of hydrogen refinement of iron ore there are several progressions possible which may act as catalysts in the near term. “Hazer’s mission is to play a significant role across three multi-billion dollar global markets. Hazer’s technology can potentially provide an innovative solution for the global industrial hydrogen market, by producing hydrogen at lower cost than alternative options, while also reducing users’ CO2 footprint. The low-emissions associated with the Hazer Process also potentially provides a gateway for hydrogen to more effectively penetrate the sustainable energy market for both vehicle fuel and stationary power applications. Hazer is also looking to provide high quality synthetic graphite for energy storage and other large global graphite applications.” www.hazergroup.com.au
ASX:HZRLong
by Michaeljob