FIS API Blog
Verdict – Short-term neutral to bearish. DCE iron ore January contract confirmed the bearish trend during this Tuesday and Wednesday. Firstly iron ore broke down the important previous support at 814.0 area, the push back after then was not strong enough to bring a higher closing above 814.0. Hourly MACD widened below 0 axis. CCI …
Continue reading “Iron Ore DCE Jan Daily Technical Review 18/8/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · U.S. Federal officials reached agreement that potentially exit part of monetary ease policy in three months if economy presenting positive signs in future. · U.S. Treasury Secretary Yellen said the Biden’s infrastructure and social projects expending bill was the “most important economy projects” …
Verdict – Short-term neutral to bullish, potentially test high in next trading session. DCE iron ore January rebounded slightly following the previous prediction indicating oversold. The previous two day rebound with big volume however limited growth, indicated the rebound has some confliction. The short-run roof was close to 860.5 area, from hourly chart iron ore …
Continue reading “Iron Ore DCE Jan Daily Technical Review 16/8/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · Indian PM Modi indicated India will start 100 trillion rupee(1.35 trillion U.S. dollar) in the new infrastructure projects to increase job roles and new energy projects. · China central bank stated on Saturday that current Chinese Yuan potentially appreciate or depreciate, which potentially …
Verdict – Short-term neutral, oversold currently. DCE iron ore January created new low from March 24th. Hourly MACD flattened. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI entered neutral area from bearish area. If an effective breakthrough on 845.0 would indicate a fast rebound to approach 874.5 area. The first support …
Continue reading “Iron Ore DCE Jan Daily Technical Review 13/8/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · In July, the electricity consumption continued to grow at 775.8 billion kwh, a year-on-year increase of 12.8%, an increase of 16.3% over the same period in 2019, and an average increase of 7.8% in the two years. Iron Ore Key Indicators: · Platts62 …
Verdict – Short-term neutral, oversold currently. DCE iron ore January gave back all gains created on previous trading day. Iron ore ended an oversold rebound and return to a short-run consolidation area from 836.0- 874.5. If a breakdown through 836.0 and 823.5, iron ore will trigger a slump. Hourly slow stochastic KD fell quickly after …
Continue reading “Iron Ore DCE Jan Daily Technical Review 12/8/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · The U.S. Senate passed the 3.5 trillion U.S. dollar budget of Biden economic plan, used related to infrastructure investment. · China Ministry of Finance: building fiscal and tax policies to promote green and low-carbon development, will support the iron and steel and coal …
Verdict – Short-term neutral, oversold currently. DCE iron ore January rebound after an oversold, the high volume indicated big changing hands and potentially reach a periodic low. Hourly MACD widened above 0 axis. Hourly slow stochastic KD widened. Hourly CCI entered bullish area. Hourly candles were confirming a bottom area, a further breakthrough on 874.5 …
Continue reading “Iron Ore DCE Jan Daily Technical Review 11/8/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · The U.S. Senate voted 69 to 30 to approve the $1 trillion cross-party base establishment bill, which includes $550 billion in new infrastructure funding project. · China Ministry of Finance: building fiscal and tax policies to promote green and low-carbon development, will support …
