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Past few days price always close above 1.29, even though tail penetrates it sometimes.The MACD and Stochastics look positive. And so far, the price not fall so much despite negative sentiment. I also notice there are some buyings with big volume above 1.3. And as for today so far, buyer outnumber seller. So 1.3 maybe is the short term support.
Trade with your own risk.
Price seems to be pivoting at 1.3 these few days. Is it support line?
short it?
hmmm...wad does it mean? ferro going down?? :(
US steel industry wins trade case against China
Friday June 20, 4:42 pm ET
By Martin Crutsinger, AP Economics Writer
US manufacturers win victory that clears the way for penalty tariffs against Chinese pipe
Friday June 20, 4:42 pm ET
By Martin Crutsinger, AP Economics Writer
WASHINGTON (AP) -- U.S. steel pipe manufacturers, who have been battling a surge in imports from China, won a major victory Friday when the International Trade Commission cleared the way for the imposition of stiff penalty tariffs for the next five years.
its not happening to Ferrochina only...but to many China counters...i m pretty puzzled too when i see that Shanghai continued its run-down today...but many China counters in the green
Why the sudden increase in price today? Anyone know the reasons?
hmm rebounding?
A summary for today.
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 1.260 | 1 | 1,000 | 1,000 | 0 | 0 |
| 1.268 | 1 | 5,000 | 0 | 5,000 | 0 |
| 1.270 | 17 | 148,000 | 128,000 | 0 | 20,000 |
| 1.280 | 47 | 749,000 | 347,000 | 0 | 402,000 |
| 1.288 | 1 | 12,000 | 0 | 12,000 | 0 |
| 1.290 | 63 | 1,408,000 | 676,000 | 253,000 | 479,000 |
| 1.300 | 69 | 1,563,000 | 807,000 | 0 | 756,000 |
| 1.310 | 112 | 3,098,000 | 1,538,000 | 0 | 1,560,000 |
| 1.312 | 1 | 13,000 | 0 | 13,000 | 0 |
| 1.316 | 1 | 71,000 | 0 | 71,000 | 0 |
| 1.318 | 1 | 229,000 | 0 | 229,000 | 0 |
| 1.320 | 120 | 1,886,000 | 467,000 | 0 | 1,419,000 |
| 1.330 | 3 | 14,000 | 0 | 0 | 14,000 |
| 1.500 | 1 | 50,000 | 0 | 50,000 | 0 |
| TOTAL | 438 | 9,247,000 | 3,964,000 | 633,000 | 4,650,000 |
Interesting,it is nearing the px which i bought at 1.15 in March uptrend. Sold all betw 1.5xx.
Will i buy when it is 1.15 again,? got to see when we get there. Most probably too scare to touch by then.
But still ended up with losses..out in Dec,..see the going good get back in Feb, now 35k losses..10% down..miserable profit..not inclusive the day trade.
Less profit ,less worried. If you are worried sell. Patience and wait, bull will come for you to ride again.
You are not losing, but simply withdrew to the side line to wait for opportunity.
Withdrew early the better,so you save more bullet to shoot when time come, and it will.
Good luck, feel sad as u do.
A summary for today.
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 1.260 | 7 | 291,000 | 77,000 | 214,000 | 0 |
| 1.268 | 1 | 300,000 | 0 | 300,000 | 0 |
| 1.270 | 129 | 2,593,000 | 1,568,000 | 0 | 1,025,000 |
| 1.280 | 57 | 1,396,000 | 1,103,000 | 0 | 293,000 |
| 1.290 | 96 | 3,224,000 | 2,395,000 | 0 | 829,000 |
| 1.300 | 23 | 1,305,000 | 924,000 | 0 | 381,000 |
| 1.310 | 48 | 1,175,000 | 805,000 | 0 | 370,000 |
| 1.320 | 49 | 964,000 | 623,000 | 15,000 | 326,000 |
| 1.330 | 15 | 214,000 | 52,000 | 0 | 162,000 |
| 1.340 | 1 | 176,000 | 176,000 | 0 | 0 |
| 1.350 | 9 | 181,000 | 0 | 104,000 | 77,000 |
| TOTAL | 435 | 11,819,000 | 7,723,000 | 633,000 | 3,463,000 |
This are just some information to know the price range, at which price did most transaction take place and the support level for the day. Just my thoughts/view. Maybe others can comment. 
scotty ( Date: 04-Jun-2008 22:37) Posted:
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Thanks for posting all these... but how to read and interpret?
A summary for today.
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 1.480 | 4 | 114,000 | 114,000 | 0 | 0 |
| 1.485 | 1 | 20,000 | 0 | 20,000 | 0 |
| 1.490 | 75 | 2,532,000 | 1,419,000 | 699,000 | 414,000 |
| 1.500 | 14 | 624,000 | 566,000 | 0 | 58,000 |
| 1.510 | 123 | 2,275,000 | 824,000 | 201,000 | 1,250,000 |
| 1.520 | 142 | 2,703,000 | 1,056,000 | 0 | 1,647,000 |
| 1.530 | 2 | 4,000 | 0 | 0 | 4,000 |
| TOTAL | 361 | 8,272,000 | 3,979,000 | 920,000 | 3,373,000 |