Commodity Iron Ore is Up 104.65% & still going Up.
At the time of writing this blog post, Commodity Iron Ore is up 104.65% from its low of 410.8 printed on Jun 2017.
From Feb’ 17 to Jun’ 17 Commodity Iron Ore depreciated 42.75% when it came down heavily from the high of 717.5 printed on Feb’ 17 to the low of 410.8 printed on Jun’ 17. After surpassing the said high of 717.5 on last but one month i.e. on May’ 19, Commodity Iron Ore did not stop st the Fibonacci level of 127.2% at 800.90.
800 being a round number, many would have shorted the Iron Ore market from there. However Commodity Iron Ore smashed that number and propelled through it to reach 840.7 at the time of writing this post for Iron Ore.
Our next price objective for Commodity Iron Ore is 907 which is sitting at the Golden Ratio of 161.8% of the Fibonacci drawn from the swing high of Feb’ 17 to the swing low of Jun’ 17. As you are noticing year after year, most of our price objectives are indeed achieved when we carry out our predictive price analysis and post it much before it happens to start.
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