Fridays Bring Volatility—Prepare to Stay Steady

Market Trends:
For three consecutive weeks, Fridays have shown significant market swings, with the following week’s fluctuations largely contained within the range of Friday’s candlestick. Today, it’s crucial to plan ahead for potential moves.

Key Insights:

  • Iron Ore: Expectations of steel mill restocking in December make a sharp drop unlikely.
  • Fundamentals: Inventory reduction continues, with no major supply-demand imbalances in sight.
  • Macro Outlook: Anticipation surrounds December’s key Economic Work Conference.
  • Technical Factors: Contract rollovers are ongoing, reducing the probability of any major market trends being initiated.

Conclusion:
As volatility often marks the end of the trading week, stay cautious and focus on strategic responses. Avoid impulsive actions to navigate today’s potential swings confidently.

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