[IO Technical 2025/20] Bullish Momentum Builds

484 Views16 May 2025 14:03

SUMMARY

Iron ore futures surged to a six-week high as U.S.-China trade tensions eased, with both nations agreeing to sharply reduce tariffs for 90 days, boosting market sentiment and commodity demand.
Underlying demand remains weak, with China’s steel consumption pressured by a cooling property sector and ongoing structural shifts across its broader economic landscape.
On the technical front, the outlook is turning increasingly bullish as prices are holding above key moving averages.

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