bullish

Iron Ore

[IO Technicals 2025/32] Bullish Momentum Builds

392 Views08 Aug 2025 18:57
SUMMARY
  • China’s July steel exports hit highest year-to-date level since 1990, and S&P affirms A+ rating despite property and trade challenges.
  • Managed money participants turned net long in futures after prolonged bearishness, adding positions as prices neared the $100/ton mark.
  • Despite a recent death cross, prices remain firm above short-term MA, nearing bullish crossover, with Bollinger Bands signalling resilience and upside potential.
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