Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Big Iron dead cat rides!

David Llewellyn-Smith

Wednesday 19 April 2017

Dalian iron ore and coking coal futures have recovered a little today:

As has Big Iron after being flogged yesterday afternoon:

But the chart damage is done. Indeed, BHP looks like it’s about to join RIO and FMG in the broken head and shoulders top club:

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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.