FIS API Blog
Verdict – Short-term neutral. DCE iron ore May22 contract created a 25.78% growth counted from the low of Nov 19th to the high of Dec 2nd. However iron ore dumped during the last hour with expanding volume compared to previous afternoon session. A recovery on 644.0 would only bring iron ore to a slow growth …
Continue reading “Iron Ore DCE May Daily Technical Review 02/12/21”
Market Verdict on Iron Ore： · Neutral to bullish. Macro · OECD change the global economy growth rate prediction from 5.7% to 5.6%. In addition, OECD also decrease the growth outlook in U.S. and Euro zone this year and next year. · Fed Beige Book: in October and early November, economic activity in most fed …
Verdict – Short-term neutral. DCE iron ore Jan22 maintained bullish from last night session however retreated during the Asian day session. Iron ore aggregated open interest also narrowed for the two consecutive trading days. Hourly slow stochastic KD created dead cross in overbought area. Hourly CCI retreated to neutral area from a previous bullish territory. …
Continue reading “Iron Ore DCE Jan Daily Technical Review 25/11/21”
Market Verdict on Iron Ore： · Neutral. Macro · China PM Li Keqiang and state council held a conference request to accelerate issuance of specialized debts in the coming year. · U.S. FOMC notes revealed a flexible date on the interest rate raise. · Indonesia president indicated the country potential stop exporting in the year …
Verdict – Short-term bullish. DCE iron ore Jan22 maintained strong rebound during the day. Iron ore aggregated open interest decreased by 12.43%, this decrease was majorly caused by a taking gains from previous short-positions. Hourly CCI maintained in bullish territory. Hourly slow stochastic KD maintained in bullish territory. Short-run technical were indicating a bullish in …
Continue reading “Iron Ore DCE Jan Daily Technical Review 24/11/21”
Market Verdict on Iron Ore： · Neutral to bullish. Macro · U.S. white house announced that the energy department will release 5,000 barrels of crude oil from Special Petroleum Reserve to resist oil price and resolve the supply disruption caused by pandemic. Iron Ore Key Indicators: · Platts 62%: $99.45 (+4.75) MTD $93.38. SGX and …
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Verdict – Short-term bullish. DCE iron ore maitained a rebound for the second trading day, with improving volume compared to the first half of last week. The rebound was majorly contributed by short covering. A breakthrough on 579.5 would bring iron ore to a mid-run rebound, otherwise iron ore remain in consolidation range. Hourly CCI …
Continue reading “Iron Ore DCE Jan Daily Technical Review 22/11/21”
Market Verdict on Iron Ore： · Neutral to bullish. Macro · China PM Li Keqiang held economy conference last Friday emphasizing the practical actions to promote healthy economy and decrease the cost pressure on mid and small capital companies from upstream commodities. · China Vice PM Liu He said in a manufacturing conference that financial …
Verdict – Short-term neutral to bullish. DCE iron ore Jan22 recovered major losses during the afternoon session with significantly increasing volume as well as new built long positions in the market. Hourly MACD expanded above 0 axis. Hourly KD created gold cross below oversold area. Hourly CCI approached bullish territory. Short-run signals were indicating neutral …
Continue reading “Iron Ore DCE Jan Daily Technical Review 19/11/21”
