FIS API Blog
Verdict – Short-term neutral to bullish. DCE iron ore September contract rebounded significantly with short position cut loss before the long weekends. Hourly MACD widened above 0 axis. Hourly slow stochastic KD widened above overbought area. Hourly CCI maintained in bullish territory. Be aware of the gains taking approaching listed high at 944.5 in …
Continue reading “Iron Ore DCE September Daily Technical Review 02/06/22”
Saudis Ready to Pump More Oil If Russian Output Drops, FT Says Saudi Arabia is prepared to boost oil output should Russian production fall substantially due to increasing sanctions, the Financial Times reported, citing five people familiar with the discussions. There have been discussions about an immediate increase in output from the Saudis …
Continue reading “Saudis Ready To Boost Oil Output If Russian Output Drops 02/06/22”
1. GO traded 90kt JMBF at AM62% July Index – $9.7, arrived in July. 2. GO traded 90kt JMBF at AM62% July Index – $9.6, arrived in July. 3. Corex traded 170kt Fe61% PBF at $134.25, loading July 17 – 16th.
Verdict – Short-term neutral. DCE iron ore September refreshed new high, however the last two-day rebound was along with significant smaller rebound. Thus, the extension of bullish run needs to see massive changing hands in the next few sessions. Hourly techncial signals were starting to show bearish divergence with price movement. Hourly MACD narrowed …
Continue reading “Iron Ore DCE September Daily Technical Review 01/06/22”
Market Verdict on Iron Ore： • Neutral to bullish. Macro • Eurozone May adjusted CPI up 8.1% y-o-y, refreshed record high. Est. 7.8%, last 7.5%. • U.S. president Joe Biden held a rare meeting with Federal Reserve Chair Jerome Powell to tackle decades-high inflation ahead of the November midterm and simultaneously maintain the independence …
1. Corex traded 80kt Newman Lumps at Platts62% July Index + $0.34 dmtu, loading Jun 26 -Jul 5th 2. GO traded 90kt Newman Fines at $135.4, arrived in July.
Verdict – Short-term neutral. DCE iron ore September breakthrough important resistance area at 887.5 and brought iron ore into a strong trend with narrowing volume. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created consolidated above oversold area. Hourly CCI entered bullish territory during early session however corrected back fast. With narrowing …
Continue reading “Iron Ore DCE September Daily Technical Review 31/05/22”
Market Verdict on Iron Ore： • Neutral. Macro • German CPI refreshed 50-year-high, supported the rationale to increase 50 basis points in July. • The EU agreed to ban 90% of Russia’s oil imports by the end of 2022. Iron Ore Key Indicators: • Platts62 $136.60, +2.15, MTD $133.34. Seaborne PBF gathered interests …
Oil Extends Sixth Monthly Gain as EU Set to Curb Russian Supply Oil headed for the longest run of monthly gains in more than a decade as European Union leaders agreed to pursue a partial ban on imports of crude from Russia while China further eased anti-virus curbs, aiding demand. Brent crude neared $123 a …
Continue reading “Crude Hit A Two-month High On EU Ban And China Reopening 31/05/22”
Iron Ore Rises With Copper on China’s Waning Virus Outbreak Iron ore headed for its highest close in three weeks as industrial materials gained on hopes that China’s easing of virus curbs will herald a demand recovery. Beijing relaxed movement restrictions in several districts as new local cases in the capital declined to only …
Continue reading “Iron ore headed for three weeks high as China starts to reopen 30/05/22”
