SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,May-2024,Composite FuturesSGX
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The price of Iron Ore is coiling in a large triangle (blue uptrend & yellow downtrend) and a breakout in either direction is imminent. Bias would most likely be to the upside as there is quite a bit of support - TL and Horizontal - around 98.