FIS API Blog
Verdict – Short-term neutral to bull. DCE iron ore Sep22 contract rebounded massively after rolling from May22, and become the major contract during the day. Hourly chart of MACD widened above 0 axis. Hourly slow stochastic KD reached over bought area. Hourly CCI stablised above 100 level. The first support is 834.5,the first resistance is …
Continue reading “Iron Ore DCE September Daily Technical Review 25/3/22”
Market Verdict on Iron Ore： • Neutral. Macro • European gas prices soared 34%. Earlier, Putin said that the supply of natural gas to European countries would be settled in rubles. • The United Nations Conference on Trade and Development expected that the prospects for global economic growth will deteriorate this year. The report shows …
Verdict – Short-term neutral. DCE iron ore May22 contract corrected slightly during the day. Hourly slow stochastic KD created the second dead cross near overbought area after the first one created this morning. Hourly CCI created bearish divergence and breakdown 100 during the first hourly of this morning. Short-run technical signals are indicating an exhaustion …
Continue reading “Iron Ore DCE May Daily Technical Review 24/3/22”
Market Verdict on Iron Ore： • Neutral. Macro • European gas prices soared 34%. Earlier, Putin said that the supply of natural gas to European countries would be settled in rubles. • China machinery excavators March sales number reached 40,000, down 49% y-o-y, down 36% compared with February. • The office of the U.S. …
Market Verdict on Iron Ore： • Neutral. Macro • China NDRC and NEA(National Energy Administration) planned to reach 4.6 billion tons equivalent of sta • On March 22, Chinese National Development and Reform Commission and the National Energy Administration issued the “14th five year plan” for modern energy system. By 2025, the annual comprehensive …
Market Verdict on Iron Ore： • Neutral. Macro • China PM Li Keqiang held a conference to enhance tax return and tax exemption policy to support economy growth. • European Central Bank Committee Olli Rehn indicated that central bank potential start interest rate increase by the end of this year or the beginning of …
Verdict – Short-term bearish. DCE iron ore May22 contract slumped during the last two hours and created a mid-run roof areas. If a rejection on 810 – 813.0 while next rebound would generally mean iron ore re-entered a bearish trend. All support above 740.5 are believed as weak support. Hourly stochastic KD has created bearish …
Continue reading “Iron Ore DCE May Daily Technical Review 22/3/22”
Verdict – Short-term neutral. DCE iron ore May22 contract re-entered into a consolidation range in short-run. After a spike at Friday night and a test low in Monday morning, iron ore finally closed near the open level at Friday night. May-Sep22 spread started to narrow, when major contract rolling started from last week. Front month …
Continue reading “Iron Ore DCE May Daily Technical Review 21/3/22”
Market Verdict on Iron Ore： • Neutral. Macro • China and U.S. held an internet conference during the tight worldwide political conditions in the first quarter of the year 2022. Although both countries have different views on the Russia-Ukraine war, however both countries thought the talk was “constructive” and mentioned to improve the cooperation …
Verdict – Short-term neutral. DCE iron ore May22 contract rebounded during the open over night session, however consolidate around 830.0 area for most of time in the day session. A breakthrough on 838.5 would indicate a new round of spike. Hourly CCI potentially drop from the bullish territory. Hourly slow stochastic KD flattened in an …
Continue reading “Iron Ore DCE May Daily Technical Review 18/3/22”
