CHART OF THE DAY: Iron Ore Is In The Midst Of A Big Rally via Getty Images

It’s funny how Iron Ore price falls seem to get all the headlines but when it rallies – radio silence.

So, in the interests of balance, here is a chart of the September 62% FE Iron Ore swap futures contract.


Iron Ore at $95.13 this morning is up 7.29% off the recent low and has broken a three-month downtrend.

It’s a solid bounce and if it can get through the recent high at $95.77 a tonne then the outlook might have changed and a bottom might be in place.

Time will tell.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at