Iron ore price, page-11325

I really do feel for those Vale workers living in those areas.
An excellent interview posted by karasco of AF speaking to Bloomberg.
Dow Jones headlines posted yesterday had shipping re starting on Tuesday afternoon,
with the rail to reopen on Wednesday and processing had continued through cyclone.

From a T/A perspective the RSI on the daily is about 63 and MCD appears to be moving up
and just below the 0 line and CCI just above 0.
Maybe we are seeing some sort of consolidation around 6.70 and then 6.90.
Would like to see 6.90 or there abouts become support.

Markets generally seem spooked but I keep asking myself how this that or the other will effect us.
With the continued stimulation by China and the desire to improve rail and other infrastructure,
I think we should be OK and sooner or later others may come to the same conclusion.

FMG are making really decent profit here and this will continue for longer than many expect i.m.o.