In the below chart we have the iron ore price. As you can see, iron ore has broken out on the upside and is in bullish territory driven on optimism about Chinese demand for higher grades of the steelmaking material. The ore has risen by 16% this week to US$67.69 a tonne. It was also driven by China’s push to curb pollution. The chart is from Fairfax Media in the AFR.
Charts that are attractive