FIS Technical –  DCE Iron Ore Sep 20

Upward price action has put the futures above the 8—21 period EMA’s and the RSI above 50. The EMA’s themselves remain flat with price below both the 55 and 200 period MA’s.

CNY 625.8 remains a key technical level, price action that fails at or below this level remains vulnerable to further tests to the downside, above this level the pullback is considered as deep and the phase neutral.

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