The Rise and Fall of Iron Ore
Iron Ore Futures on a daily timeframe via NYMEX have entered into a bear cycle crashing -23% from March 2017
Iron Ore Futures on a weekly timeframe via NYMEX have another -500bps to fall until major .5-fib support at 64.37 level
Here is a magnified view
Iron Ore verse the SPX500. It’s one hell of a negative divergence.