FIS API Blog
Verdict – Short-term neutral. DCE iron ore September tested low first hour this morning and rebounded to opening level very fast. Iron ore was still in the consolidation range between 1152.0 – 1231.0. Hourly slow stochastic KD deepened correction after a dead cross. However MACD stabled and rebounded. Technical signals were neutral at the moment. …
Continue reading “Iron Ore DCE Sep Daily Technical Review 14/7/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · China PM Li Keqiang held a economist conference to counter against economic cycle risk. Maintain the continuous effect of macro policy and avoid general liquidity release to the market. The RRR cut focus on special areas and structural demand, to benefit mid-small capital …
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 started to give back gains created by last Friday night session. The next session iron ore is facing correction risk. Hourly MACD created gold cross. Hourly CCI created a periodic rebound from July 8th. Hourly slow stochastic KD created gold cross and accelerated on the rebound. Technical …
Continue reading “Iron Ore DCE Sep Daily Technical Review 12/7/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · China central bank PBOC decrease RRR by 0.5% on July 15th, an equivalent of 1 trillion yuan. However PBOC strategy commissioner said the RRR cut was neutralizing the maturity of MLF, the entire liquidity system was balanced and stable. · A spokesman for …
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · From January to June, the cumulative growth rates of domestic sales of large, medium and small excavators were 9.8%, 45.5% and 18.7% respectively. Although they still maintained the growth trend, but were 7.2%, 9.7% and 6.6% slower than previous five months. The growth …
Verdict – Short-term neutral to bearish. DCE iron ore September rejected below previous high at 1252.0 level. From hourly chart, the iron ore was also rejected by 1204.0 level, which was close to a neckline of a double top pattern. The price movement and candle pattern were indicating iron ore price entered a corrective phase. …
Continue reading “Iron Ore DCE Sep Daily Technical Review 8/7/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · China Prime Minister held a conference to facilitate RRR cuts focusing on decrease cost for mid-small capital enterprises. The RRR cuts were not related to a general loose on money supply. · According to the National Development of Reform Commission’s “14th five year” …
Verdict – Short-term neutral. DCE iron ore September rebounded for the fourth trading day, however resisted below the important pivot level at 1253.5, which was a previous high. A rejection on this level for the next few days potentially bring iron ore into a consolidation area. Hourly MACD flattened. Hourly CCI recover and spiked to …
Continue reading “Iron Ore DCE Sep Daily Technical Review 7/7/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · The general office of the CPC Central Committee and the general office of the State Council proposed to crack down on illegal securities activities in accordance with the law, strictly investigate the legality of the sources of securities investment funds, and strictly control …
