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