Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Big Iron correction continues

David Llewellyn-Smith

Wednesday, 8 March 2017

Dalian futures launched out of the blocks this morning but have been falling ever since:

Big Iron is down:

More ahead in my view. Some of the charts are starting to look interesting. RIO has broken its steeper uptrend and may be setting up for a good correction:

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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.