FIS API Blog
Verdict – Short-term neutral. DCE iron ore September contract tested high and rejected by 909.0. Both trading volume and open interest were thin compared to last 5 trading days. From hourly chart, MACD created gold cross. Hourly slow stochastic KD also created gold cross above overbought area in late morning. Technical signaling a potential to …
Continue reading “Iron Ore DCE September Daily Technical Review 14/4/22”
Market Verdict on Iron Ore： • Neutral. Macro • China PM Li Keqiang presided over the executive meeting of the State Council, made timely use of monetary policy tools such as RRR reduction, further strengthened financial support for the real economy, especially industries seriously affected by the epidemic, small, medium-sized and micro enterprises and …
Market Verdict on Iron Ore： • Neutral to bearish. Macro • Experiencing the significant price increase on thermal coal and iron ore, China Disipline Inspection Comission urged the committee of the CSRC and DCE to earnestly fulfill their supervision responsibilities and potential risks of the commodity futures market, improving internal governance and effectively maintain …
Verdict – Short-term neutral to bullish. DCE iron ore September contract rebounded massively and recovered the loss of yesterday. The active contract however created lower volume over the last three trading days. In short-run hourly candles entered a resisting area around 925.0 – 928.0. A rejection would indicate a potential correction. However an effective breakthrough …
Continue reading “Iron Ore DCE September Daily Technical Review 12/04/22”
Market Verdict on Iron Ore： • Neutral. Macro • U.S. last week jobless claim reached 166,000, a new low since the year 1968. Est. 200,000, last 202,000. • China CSRC(China Security Regulation Commission) and other departments jointly issued documents to encourage capital market investment and the listed housing company transformation into dynamic businesses. …
Verdict – Short-term bearish. DCE iron ore September contract corrected as expected. Hourly MACD created a typical short structure as MA40 and MA60 created a dead cross. Hourly CCI was in a bearish territory. The intra-day loss was majorly due to the previous long positions started to take gains, which potentially created a mid-run level …
Continue reading “Iron Ore DCE September Daily Technical Review 11/4/22”
Market Verdict on Iron Ore： • Bearish. Macro • U.S. last week jobless claim reached 166,000, a new low since the year 1968. Est. 200,000, last 202,000. • China Security News: The analysts indicated that the market potentially see interest rate decrease in Q2. Iron Ore Key Indicators: • Platts62 $154.65, -0.40, MTD $158.56. …
Verdict – Short-term neutral bearish. DCE iron ore September contract corrected as expected in last report. Hourly slow stochastic KD created a second dead cross which was lower than the previous created in last trading day. Hourly CCI was on the boundary of neutral and bearish territory. Short-run signals were indicating a consolidation but …
Continue reading “Iron Ore DCE September Daily Technical Review 08/04/22”
Market Verdict on Iron Ore： • Neutral to bearish. Macro • EIA indicated that the global oil reserve would reach 240 million barrels in the following six months. • The European central bank notes indicated that the net asset purchase plan expected a certain date, which could clear the way for the potential interest …
Verdict – Short-term neutral to bearish. DCE iron ore corrected during the day and saw a dead cross on Hourly MA5 and MA10, as well as a following dead cross on MA10 and MA20. Hourly slow stochastic KD created a dead cross in the first hour of T+1 session yesterday. CCI fell sharply from bullish …
Continue reading “Iron Ore DCE September Daily Technical Review 07/04/22”
