Big iron and gas are up today but marking time, really, with small moves the theme. BHP, RIO and FMG are all up around 1%:
FMG has hit out first rebound target at $2.60:
I don’t see much more upside here given my view is that iron ore will breach $50 this week and keep falling. Dalian is down one point but note that spot under-performed paper all of last week.
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