IO Weekly Technicals Review [2024/52]: Downtrend to PersistSGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures (“SGX IO Futures”) fell last week, closing USD 1.45/ton lower by 27/Dec (Fri).
SGX IO Futures opened at USD 100.3/ton on 23/Dec (Mon) and closed at USD 98.85/ton on 27/Dec (Fri).
Prices briefly touched a weekly high of USD 102.1/ton on 2