FMG buy trade
WPL buy trades
WPL long from 33.75 as vwap held up price briefly went over 33.90 and the stop was moved to break even at 33.66, price had a pull back and was out at 33.67. A more significant retrace was playing out but 33.55 interested buyers and got back in at 33.64 with the low of day as the stop at 33.55, buyers were keen on buying this dip and got out at 33.86 not looking to over stay my welcome in this position as 33.90 saw strong resistance earlier today. FMG gap down into the 18.30's was bought up let price settle and got in long at 18.64 with a coupe of attempts to get to 18.80 but not breaking higher, iron ore still trading at around 850 yuan per tonne although the tight range is being held and took what I could get on the exit with a small perk up at 18.80 Additionally no follow through to the upside with IO as it opened lower below 740 Yuan per tonne.
Daily total = 3.8R
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