Iron ore trend down! Iron ore as I was already mentioning is showing weakness and got a trend down! All iron mining companies related will suffer for a while!
TIO1! trade ideas
Mid West Steel Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
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Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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Iron Ore Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
AUD/USD & AUD/JPY Analysis / Iron Ore & InflationThe Australian Dollar has weakened in recent weeks due to Iron Ore prices declining as China's zero covid policy has caused investors to fear a slowdown in the world's second-biggest economy.
Australia exports 80% of Iron ore to China, so any slowdown in China will hit demand for Australia's commodity exports and put downward pressure on the currency.
We also have Australian inflation data out tomorrow, which could surprise to the upside and beat economists' forecast, causing a rally higher in the Australian Dollar on rate hike expectations.
In this video I break down what could play out and how to make money from the potential outcomes.
Iron ore Trend downIron ore has showed some weakness for moment, making most of commodities companies related to it being weak abroad. For moment its neutral position!
Iron Ore Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Iron Ore Commodity China USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
ShortThe price has rebounded today, after falling to the support area of 138-140. However, the fact that the price has not broken through the confluence between EMA21 and EMA100 above H4 further with EMA21 cutting below EMA100 has raised concerns for the buyers.
=> Recommendation: Sell if the price rises to 158, STP 172, TP1: 140, TP2: 130.
Iron Ore: Target 200On going to wave 1, This is my prediction for Iron ore . 100% wrong and if it goes right then its only coincidence. Only prediction.
TSI irone ore cfrChina's February iron ore contract with its exit from the downtrend channel and its high stabilization is likely to have its uptrend
Iron Ore Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Cup and Handle Breakout - Iron Ore Iron ore prices are breaking out from a Cup and Handle pattern. The late-October price gap may fill if prices continue higher. Prices may have seen a bottom back in November, with the bullish fundamental narrative strengthening as China moves to support growth. A reversal, however, may see a move back to the 100 psychological level.
Steel Bouncing at the 50 days MASteel finding strong support at the 50 days MA on the weekly graph, it should created pressure upwards. However, looking at the daily graph, steel is fighting for a breakthrough. Consistent downward pressure being exerted by the 200 days MA. At this point I am neutral, but with a tendency to believe it will go up once automotive demand starts to hit around Q2 2022. Cleveland Cliffs raised prices on CRS and SS, it is just a matter of time for them to hit HR. As said before, I am looking for a breakthrough upwards in the medium term.
Iron Commodity USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
UK and Japan tarrif talks may end HRC rallyUS Relaxes Tariffs on Steel and Aluminum from Europe, Looking Next to UK and Japan
The US and the EU have reached an agreement that will replace Section 232 steel and aluminum tariff against EUs 27 countries with a quota system that could result in lower steel prices.
There had been speculation for months that the sides would come to an agreement by November 1.
Now we have fresh news:
Bloomberg: Biden Commerce Chief Says U.K., Japan Steel Talks to Start Soon
The U.S. expects to begin talks with the U.K. and Japan aimed at addressing the nations’ objections to steel and aluminum tariffs “reasonably soon,” and any solution must protect the American industries, President Joe Biden’s commerce chief said.
Secretary Gina Raimondo said that she plans to discuss the steel issue with Japanese officials when she visits Tokyo next Monday on her first trip to Asia since taking office in March. The talks would follow a U.S.-European Union truce last month that allows the allies to remove tariffs.
Buy the rumors and sell the fact.
A potential deal with UK and Japan for tariff removal may ease the stell prices.
Near term targets are mentioned on the chart
Commodity prices: Iron OreFrom mid-September until the end of October, Iron Ore appeared to have found a safe space above US $100. Now, after a steep decline beginning October 27, 2021, Iron Ore has started to test May 2020 lows, close to US $90 per metric tonne. The commodity is grating against predictions by ANZ Bank (ASX: ANZ) for it to “find a floor around current levels”.
Demand (or lack thereof) from China is what has driven the price of Iron Ore sub-100 dollars. Chinese authorities have ordered its steel manufacturers (large consumers of Iron Ore) to cut production to meet targets to reduce energy consumption and pollution across its provinces. China’s production restrictions are scheduled to last until mid-March 2022.
According to S&P Global, Iron Ore outlook is unfavourable, with “pricing risk is to the downside” as supply tends to increase in the latter half of the year.
Steel Crossing the 50 days MASteel has crossed the 50 days MA for the first time since the start of the bull run back in august last year. That could mean a retracement to the 200 days MA at around $1500. Also, both RSI and MACD are weak relative to recent levels.
Hot Hands Rolled Coil Steel 200 Days and 180% gain is a handsome profit indeed. I wonder if any of those panty traders feel a bit sweaty by now.
I am wearing shorts and will only be handing them over once we see Hot Rolled Steel at1050 levels. Until then.
IRON Short - Aust Iron prices tanking - China SlowdownSUMMARY: Short, Australian primarily delivers to China. Demand is falling fast suggestion a sharp contraction is around the corner for China, it will be the first in decades.
This is a good indicator to forecast China's future growth/contraction pace.
S&P500 below is another good indicator to view in tandem.
Iron Ore Weakness May Continue as Death Cross Looms An incoming Death Cross formation may add to iron ore's downside in the coming weeks. The 50-day Simple Moving Average is on track to intersect the 200-day SMA. Prices found support at the September 2020 high, but the path of least resistance appears to be to the downside with a descending channel.
2021-08-21 Iron Ore 62% - supportBounce of 61.8% retracement. Big bounce interesting level could result in consolidation for a bit
