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The seeds for iron ore’s latest lurch lower were sown last week
Iron ore futures are in an increasingly ugly bear market, spiraling lower since the beginning of the year after defying bears throughout much of 2023. With the price catching up to what fundamentals had been warning for months, traders are wondering how far the move can extend? While there’s a common misconception that you need to be iron ore expert to have an edge, for what it’s worth, iron ore futures chart beautiful on the daily, providing ample room for those who want to look exclusively at price to have trading success. Before we look at the technicals, it’s worthwhile looking at some of the fundamental ... (full story)