By Jeremy Boulton — Aug 15 - 02:25 AM
Iron ore drops to almost one year at CNY 691 on Aug 15
Weekly Ichimoku cloud base at CNY 722 broken - 100-WMA at CNY 681 challenged
The 21-WMA ay CNY 806 has dropped below 55-WMA at CNY 807 - bearish signal
Dalian coal has broken and closed below 200-WMA for the first time
This week's range unfolding below 200-WMA at CNY 1408
Coal and iron ore are closely tied to performance China's economy
Source:
Refinitiv IFR Research/Market Commentary