[IO Technicals Weekly 2025/08] IO Prices Extend Uptrend

247 Views25 Feb 2025 00:33

SUMMARY

Iron ore futures rose USD 1.30/ton last week, closing at USD 107.25/ton, driven by China’s steel demand recovery and tighter supply from Australian cyclone disruptions.
Technical indicators show mixed signals, with prices above the 100-day & 200-day DMAs, but MACD weakening and RSI forming a death cross, suggesting potential bearishness ahead.
Financial Institutions and Managed Money increased net long positions, while Physicals participants expanded net shorts, reflecting diverging market expectations amid China’s policy-driven demand outlook.

Try Now

Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

SMARTKARMA PREVIEW PASS

By signing up, you agree to our
Terms of Use and Privacy Policy.

Already have an account? Sign In Now

Discussions

(Paid Plans Only)

Price Chart(Sign Up to Access)

Insight Stream