FIS API Blog
Verdict – Short-term neutral. DCE iron ore January contract tested high an retreated in the afternoon, as expected neutral outlook in short-run. However intra-day volume grew, and the trade range was wider compared with last trading day. Hourly MACD narrower in bullish area. Technical signals were indicating a neutral sentiment in short-run. The …
Continue reading “Iron Ore DCE January Daily Technical Review 29/9/22”
Market Verdict on Iron Ore： Neutral to bullish. Macro： National conference from CFXC(China Foreign Exchange Commission) mentioned to stablise foreign exchange market, prevent Chinese yuan from sharp rise or fall. Previously Japan started to release 3.6 trillion Yen to slow down the fast depreciating Yen. Iron Ore Key Indicators: Platts62 $99.60, +0.85, MTD …
US offshore operators shut 9pc of Gulf of Mexico oil production, a slight decrease from yesterday’s 11pc, as Hurricane Ian came ashore on Florida’s west coast as a category 4 storm. About 157,700 b/d of offshore oil output was off line as of 12:30pm ET, according to the Bureau of Safety and Environmental Enforcement …
Continue reading “Hurricane Ian Shuts In 9% Of US Gulf Oil Output 29/09/22”
Verdict – Short-term neutral. DCE iron ore January contract corrected and the trend stepped back to a consolidation range from 700.0- 728.5. The trading volume became narrower over the past three days. Thus market entered a watch-and-see mode. Hourly CCI approached bearish territory. Hourly MACD became flat. Short-run neutral. The first support is …
Continue reading “Iron Ore DCE January Daily Technical Review 28/09/22”
Market Verdict on Iron Ore： Neutral to bullish. Macro China NBS: Jan- Aug industrial profit above designated scale amount reached 5.5 trillion yuan, down 2.1% on the year. Nord Stream AG found that three pipelines were damaged, which is unprecedented. The Company was not able to estimate when the natural gas transmission infrastructure will …
Verdict – Short-term neutral. DCE iron ore January contract once approached 722.0, however returned to important area at 718.5, which used to be a strong resistance yesterday. Hourly CCI was close to bullish territory. Hourly MACD was preparing to enter bullish territory as well. A breakthrough on 728.0 would extend the growth. Otherwise iron …
Continue reading “Iron Ore DCE January Daily Technical Review 27/09/22”
Verdict – Short-term neutral. DCE iron ore January contract corrected and recovered loss during the day, closed with a doji. Houlry slow stochastic KD created gold cross above oversold area. Houlry MACD narrowed below 0 axis. Intra-day aggregated trading volume grew by 1/3. The 718.5 became important intra-day resistance. The first support is …
Continue reading “Iron Ore DCE January Daily Technical Review 26/09/22”
Market Verdict on Iron Ore： Neutral to bullish. Macro To stabilize foreign exchange market expectations and strengthen macro prudential management, the People’s Bank of China has decided to raise the foreign exchange risk reserve ratio of forward exchange surrendering from 0-20%. U.S. Nasdaq corrected 5.03% during last week, total down 16.7% from August 12th, …
Germany and the UAE on Sunday signed an “energy security and industry accelerator” agreement which includes LNG and diesel supply deals. The agreement also underlines an intent to collaborate on decarbonisation and climate action, according to UAE state news agency WAM. Under the agreement, Abu Dhabi’s state-owned Adnoc will reserve a number of …
Continue reading “Germany Inks Energy Security Agreement With UAE 26/09/22”
Verdict – Short-term neutral to bullish. DCE iron ore January contract corrected significantly during the last trading hour, gave back major gains from yesterday. Iron ore expected to consilidate in 700.0 – 728.0 range area in short-run. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross below overbougt area. Hourly …
Continue reading “Iron Ore DCE January Daily Technical Review 23/09/22”
