Big iron and gas are burning again today. BHP is down -0.6%, RIO is down -0.8% and FMG is down -6%. The majors are holding up very well given iron ore and oil are sliding fast:
A closer look at FMG shows that it has failed to break its first resistance line at $2.60:
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Unless something unforeseen appears, such an asset sale, this rally looks caput as iron ore slides on. Dalian is breaking new lows at 362 as the bleed rolls on.