FIS API Blog
Verdict – Short-term neutral. DCE iron ore September contract consolidated as previous expected in wide range with increasing volume and smaller open interest because of approaching Labor Day. However hourly stochastic KD created dead cross. Hourly MACD widened below 0 axis. Iron ore currently has no clear trend within the range box of 1110.5 – …
Continue reading “Iron Ore DCE Sep Daily Technical Review 29/4/21”
Market Verdict on Iron Ore： · Iron ore neutral. Macro · U.S. federal maintained the interest rate between 0-0.25% unchanged, in line with market expectation. Powell announced that Federal will seek financial facilities to decrease inflation rate if inflation goes beyond 2%. Iron Ore Key Indicators: · Platts 62%: $190.45 (-3.40) MTD $178.70. Port market …
Verdict – Short-term neutral. DCE iron ore September contract tested low in night session and rebounded during day session. Hourly slow stochastic KD created dead cross near overbought area and then flattened. Hourly CCI rebounded from -100 area. 1166.0 level has become a significant resistance level during current two days. The major support from 1113.0- …
Continue reading “Iron Ore DCE Sep Daily Technical Review 28/4/21”
Market Verdict on Iron Ore： · Iron ore neutral. Macro · China national Bureau of Statistics indicated Jan-Mar above scale industry enterprise realised 182.54 million yuan profit, up 1.37 times y-o-y, up 50.2% compared with same period in the year 2019. · Several cities in eastern China started the fifth round of price increase on …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Verdict – Short-term neutral. DCE iron ore September contract flattened during the day session after a big spike on Friday night session. Hourly slow stochastic KD was flattening near overbought area. Hourly CCI corrected from 6 month high to above 100 area. Candles were indicating volatility are decreasing. Technical signals were indicating an exhaustion on …
Continue reading “Iron Ore DCE Sep Daily Technical Review 26/4/21”
Market Verdict on Iron Ore： · Iron ore neutral. Iron Ore Key Indicators: · Platts 62%: $185.10 (+1.50) MTD $176.22. Iron ore port trades and seaborne trades both increased significantly before China’ Labor day started from this Saturday. However major contributor was the weakened U.S. dollar supported all dollar-linked asset, iron ore was the most …
Verdict – Short-term neutral. China Wuxi Cobalt corrected first as last report mentioned and finally tend to ground up in this coming Monday, after the volume growth which indicated some divergence. Slow stochastic KD created gold cross near oversold area. CCI rebounded from -100 area. MACD narrowed below 0 axis. Short-run recovery on 350-352.0 area …
Continue reading “China Wuxi Cobalt Index Weekly Technical Review 26/4/2021”
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Verdict – Short-term neutral. DCE iron ore may contract expected to complete rolling late this week or next week. Iron ore picked up significantly following the strong steel and coals. However hourly CCI flattened. Hourly slow stochastic created dead cross in overbought area. Iron ore potentially test historical new high at 1185.0 if hold up …
Continue reading “Iron Ore DCE May Daily Technical Review 29/3/21”
