Iron Ore Technicals: $100 Support and $105 Resistance Frame the Band

FACT: Rzzro's price feed shows SGX iron ore at $101.62 $/mt, +0.02% on the session. The monthly low is 101.05 $/mt.

ESTIMATE: $100/mt is the support line and $105/mt is the practical resistance line before the wider monthly range. The current print sits inside that band.

RZZRO VIEW: iron ore can remain range-bound even when supply headlines are loud. The band gives buyers a rule for execution.

Buyers should avoid adding hedge size below support; wait for a confirmed reclaim before increasing exposure.