Daily iron ore price update (becalmed)

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Here are the iron ore charts for June 5, 2015:

1 2 3 5

Little change, then. Spot is becalmed but has a very bullish looking inverted head and shoulders chart. Tianjin benchmark was up 10 cents to $63.90. Singapore is serene. Dalian is going nowhere but also has a bullish ascending triangle chart and finished up 2 points overnight. Rebar remains in free fall.

From Reuters comes texture:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.