Iron ore drops toward 2024 low at CNY 688.5 reaching CNY 689 on Wednesday

Iron ore has traded above 100-WMA at CNY 691 since Nov 2022

A significant correction of prior huge rise looks set to unfold

Coal has slumped after breaking below 200-WMA for the first time

In September Coal down CNY 102 - last CNY 1269 - Sep low CNY 1262

2023 low CNY 1194, important Jul 2022 low was CNY 1132

Door to Nov 2021 low at CNY 713 is CNY 1100 - 76.4% Nov 2021- Apr 2022

Traders of Asian currencies may go on the defensive nL1N3KL05B

Oil drops to 2024 low - sure to influence FX nL1N3KM067