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bullish
[IO Technicals Weekly 2025/08] IO Prices Extend Uptrend
219 Views24 Feb 2025 16:33
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.
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