Australian banks Australian LNG Australian Shares Gold Iron ore price

Fortescue’s monster double top

David Llewellyn-Smith

Monday, 6 February 2017

Dalian is roughly flat during the day:

Big Iron is too:

FMG has formed what could be a monster double top though it needs to fall through $5.80 to confirm it:

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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.