bearish

[IO Technical 2025/19]: Bearish Signals Persist Despite Brief Rally

416 Views10 May 2025 18:37
Iron ore prices rose on stimulus and trade optimism but faced renewed pressure from steel output cuts and technical resistance, highlighting fragile sentiment and limited upside in SGX Futures.
What is covered in the Full Insight:
  • SGX Iron Ore Futures Price Action in Summary
  • Iron Ore Fundamentals in Summary
  • IO Prices are Trading Below Moving Averages Signalling Continued Bearishness
  • MACD Signals Bullishness, RSI Stalls in Neutral Territory
  • Buying Pressure Weakened & IO Prices Trade Near Basis Bollinger Band
SUMMARY
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