Monthly archives: May 2021

Panamax Q3 21 21 Morning Technical Comment – 240 Min 20/05/21

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Daily DCE Review 20/5/21

Iron ore futures continued to spiral downward for third consecutive trading days as steel prices and margins began to decline. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 5.70% on-day or up RMB 69 to RMB 1,142.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, also fell …

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Iron Ore DCE Sep Daily Technical Review 20/5/21

Verdict – Short-term neutral. DCE iron ore September contract tested low several times on 1102.0 area and rebounded, however still have some distance to the previous upper bound of the gap created last night. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI started to rebound prior to other technical signals. A …

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