bearish

Iron Ore

[IO Technicals Weekly 2025/18]: Bearish Momentum Strengthens

230 Views02 May 2025 15:05
SUMMARY
  • SGX Iron Ore Futures fell 4.3% WoW to $95.85/ton, closing just above S2 support as bearish momentum strengthened
  • Prices are trading below all key moving averages, with a recent death cross and RSI at 38.17, indicating continued downside risk
  • Managed Money and Physicals turned net short, while total futures and options open interest rose 4.2% WoW, reflecting rising bearish positioning
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