Falling iron ore weighs on Resources stocks

Iron ore broke support at 70. Follow-through below the rising trendline would warn that the up-trend is weakening.

Iron Ore

Australian resources stocks, represented here by the ASX 300 Metals & Mining Index [$XMM], reflect strong selling pressure with a bearish divergence on Twiggs Money Flow. Follow-through below 2850 would warn of a (primary) reversal.

ASX 300 Metals & Mining Index