FMG buy trades
FMG sell trade
Holding FMG long over night from 20.78 after a busy but not successful day trying to buy the dip and a short attempt. IO making a break higher, XJO and XMM green today reinforced the long focus but was choppy today and the test of the low 20.70's was the buy spot to wait on. There was a downgrade to sell as well out this morning from Citi and that should of been a stronger point of consideration when 21.10's were broken and couldn't hold. Iron ore in afternoon trade is holding near it's highs but with CPI data out tonight in the US I'm leaning towards a priced in high inflation read and IO to hold up after it broke out today.
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