Iron Ore Is Blasting Off

Iron Ore Price as of 22020303 @ 158.10

Iron ore prices are rising rapidly, increasing from about 125 (2 weeks ago) to about 158 today. This is fueled by disruption of supply from Ukraine, and perhaps also by general commodity sentiment. Until the disruption is resolved, it would be advisable not to short iron ore stocks. I also would not go long, as prices have already risen significantly. The best course of action is to just continue monitoring news flow and price action.

Author: novaliser

I have been trading since 2012, and retired from the corporate world in Dec 2021 after accumulating enough profits to feel comfortable living without a stable monthly income.

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