Mileura Capital: Update 8th April 2020

April 8, 2020

Price action last week whilst not bullish, showed good support in the $74-$75 area, rebounding twice from this level. As of today, prices are trying to break higher with the May contract back above $80. Be patient and see if we get another re-rest of the high $80s.

A brief update on markets after last week’s Newsletter. I have closed my remaining open position of Short Iron Ore on Monday morning for a small profit.

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