Iron Ore DCE May Daily Technical Review 27/1/21

Verdict – Short-term neutral to bearish.   DCE iron ore rebounded, however intra-day low broke the low in Jan 12th. The daily settlement price also created the lowest since Jan 12th. A breakdown on 1015.5 would potentially cause a breakdown on weak support at 1005.5, thus triggering a mid-run deep correction. A stand on this …

Oil Through the Looking Glass 26/1/21

IMF Forecasts 21% Rebound In Crude Oil Prices For 2021 To Just Above $50/B The IMF forecasts oil prices to average just above $50 per barrel in 2021, which would be 21% above the 2021 average for the year as the price recovery comes from the roll out of vaccines and potential recovery of many …