FIS API Blog
Verdict – Short-term neutral. DCE iron ore spiked over 4% during the day and gave back half of gains by closing. The current price movement potential exhausted by seeing MACD created a dead cross in higher area in hourly chart. Hourly slow stochastic KD also created dead cross in overbought area. Hourly CCI dropped from …
Continue reading “Iron Ore DCE September Daily Technical Review 6/4/22”
Verdict – Short-term neutral. DCE iron ore Sep22 contract jumped up and refresh new highs from listed today. Hourly MACD created gold cross. Hourly slow stochastic KD reached overbought area. Hourly CCI reached bullish territory. However volume was cautious because of pre-holiday sentiment. Be aware of systemic impact during holiday. The first support is 898.0,the …
Continue reading “Iron Ore DCE September Daily Technical Review 1/4/22”
Market Verdict on Iron Ore： • Neutral. Macro • China issued 1.82 trillion yuan local debts in Q1, more than doubled from the year 2021. • Biden announced an unprecedented oil reserve release plan, about 1 million barrels of oil/day for six months from May, 180 million barrels in total. It is reported that the …
Verdict – Short-term neutral. DCE iron ore Sep22 contract traded in narrow range. Iron ore as expected exhausted at current level. The consecutive decreasing volume during past four days indicating the chasing high investors potentially started to enter watch and see mode. Open position decreased from yesterday. Hourly MACD created dead cross. Hourly slow stochastic …
Continue reading “Iron Ore DCE September Daily Technical Review 31/3/22”
Market Verdict on Iron Ore： • Neutral. Macro • Russia potentially stop providing natural gas after Europe rejected to settled the deal with rubles. Thus Germany potentially activate contingency plan to control gas usage in the next few months. U.S. crude oil inventories decrease as a tight supply as well as traders were worrying …
Verdict – Short-term neutral to bullish. DCE iron ore Sep22 contract opened low yesterday and created big rebound all through the day. Sep22 contract had refreshed new high since listed. Hourly MACD created gold cross. Hourly CCI was stable beyond bullish territory. Hourly slow stochastic KD approached overbought area after creating gold cross this morning. …
Continue reading “Iron Ore DCE September Daily Technical Review 30/3/22”
Verdict – Short-term neutral. DCE iron ore Sep22 contract traded in a narrower range bound as expected yesterday. Hourly CCI broke down 100. In addition, hourly slow stochastic KD created dead cross yesterday and deepened the correction. Hourly MACD created dead cross. Technical signals were indicating a potential to test low in the next session. …
Continue reading “Iron Ore DCE September Daily Technical Review 29/3/22”
Market Verdict on Iron Ore： • Neutral. Macro • G7 countries refused to pay Russian gas in Rubles. • OPEC+ indicated that they will maintain moderate increase on production. Iron Ore Key Indicators: • Platts62 $152.40, +1.60, MTD $149.99. Iron ore portside and seaborne both saw much higher offers on last Friday as trade sources …
Verdict – Short-term neutral. DCE iron ore Sep22 contract rebounded as expected last Friday. However the verdict changed to neutral during the last few hours after seeing exhaustions on multiple signals. The intra-day trading volume expanded with slight decreased open interest. Hourly CCI correct from the bullish territory to neutral area. Hourly MACD narrowed above …
Continue reading “Iron Ore DCE September Daily Technical Review 28/3/22”
Market Verdict on Iron Ore： • Neutral. Macro • German February PPI increased by 25.9% y-o-y, created the fastest growth from the year 1949, due to the massive increase on energy prices. Iron Ore Key Indicators: • Platts62 $150.80 (+4.45), MTD 149.86. Iron ore portside and seaborne both saw much higher offers on …
