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Big iron hammered to key technicals

June 26, 2015 - 12:10 -- Admin

Big iron ore is getting pounded today as the broader markets weakens and the reality of Chinese steel weakness keep the pressure on. The technicals are looking a little scary for the big boys. RIO is off over 2% and is approaching key technical support levels That’s a rather ugly looking series of bearish descending triangles.

The post Big iron hammered to key technicals appeared first on MacroBusiness.

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