Daily DCE Review 9/12/21

Iron ore futures retreated into losses after steady gains for the week, as trade participants found misalignment between the recent paper rally and the lacklustre physical market. The futures of Dalian Commodity Exchange (DCE) for January delivery then decreased by 3.17% day-on-day or down RMB 21 to RMB 642.50/mt, during the day trading session on …

Iron Ore DCE May Daily Technical Review 09/12/21

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract started a short-run correction after breakdown the import support around 644.0- 645.0. However currently become neutral and in the phase of testing low. A breakdown on 632.0 would indicate a mid-run correction start. Hourly CCI correct fast from bullish territory to bearish territory from …