Tag Archives: Iron Ore

Iron Ore Chart – Update

The iron ore price will be crucial to Australia’s terms of trade over the medium term and has a big influence on how people see the outlook for  Aussie Dollar, the Australia 200 index and major resource stocks. Given the recent sharp drop in prices, I … Continue reading

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Iron Ore Chart – Update

Last week, I posted a blog discussing the outlook for iron ore and RIO Tinto. Iron Ore is now breaking down below the double top support outllined in that post. Spot prices in this commodity are a key driver not only for major resource stocks … Continue reading

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Rio and Iron Ore – Chart Updates

Yesterday’s news that China is looking to rein in its property market was the catalyst for a selloff in Australian resource stocks. The iron ore price could be affected and the chart is showing early signs of a bearish double top. I’ve … Continue reading

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BHP – The Big Picture

The world’s largest listed mining company has turned a corner. Better global growth prospects have investors contemplating their exposures. Dividend yielding stocks are at the heart of many re-built portfolios,and despite recent rises in share prices still make a sound … Continue reading

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Iron Ore and BHP charts – updated outlook

With the iron ore price now being a key barometer for Australian markets, it’s worth keeping an eye on the chart. To help keep readers up to date, I’ve posted the latest iron ore index chart with some of my thoughts on the outlook … Continue reading

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Iron Ore Chart – outlook update

The spot iron ore price is now a key driver for major markets including the Aussie Dollar, the Australian 200 index and the big resource stocks. To assist readers in keeping up to date with developments, I’ve posted the latest chart and discussed a few of my thoughts on … Continue reading

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BHP turns bullish with classic breakout

While the price of iron ore has been causing a goodly deal of concern in the market in recent weeks the ‘Big Australian’ has been slowly but surely starting to gain a bit of traction with the trader community. All … Continue reading

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RIO and Iron Ore chart updates – What does this mean for the Aussie Dollar?

The bullish 3 drives set up I posted on Friday would have seen traders buying Rio on Tuesday. After a wobbly start over the last couple of days, the rally is now showing signs of becoming established. This post discusses strategy approaches for the … Continue reading

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RIO – Bullish 3 Drives Pattern

At the risk of going overboard on the iron ore theme with the blog this week, I think the RIO chart is worth discussing. It looks to me to be forming a “3 drives to a low” pattern. This can be an effective indicator for a bullish reversal. … Continue reading

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Iron Ore Overdone – Buy Fortescue

Fears of a severe slowing of growth, and elevated inventories, in China, have pushed iron ore prices to three year lows. Naturally, the share prices of iron ore companies are under severe pressure. However a sober reading of the fundamentals, … Continue reading

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Posted in Market, Shares, Stocks, Trading | Tagged , , | 8 Comments