FIS API Blog
Verdict- Neutral. DCE Sep24 broke down important support at 797.0 with significant increased positions, indicating the new sellers were aggressive. Hourly MACD widened in bearish territory. Hourly CCI rebounded and approached boundary of bear and neutral area. If iron ore recovered 797.0 – 800.0, the price trend potentially return to consolidation. First support 750.0. First …
Continue reading “Iron Ore DCE Sep24 Daily Technical Review 24/06/24”
Verdict: • Short-run Neutral. Macro: • The Central Meteorological Observatory of China issued rainstorm warning that from 8:00 on June 24th to 8:00 on June 25th, there would be heavy to rainstorm in at least 8 provinces of China. • US existing home sales fell a third month by 0.7% to 4.11 million, as …
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
Verdict- Neutral. DCE Sep24 corrected following the weak Asia stock market. Hourly MACD widened in bearish territory. Hourly CCI entered bearish territory. Hourly slow stochastic KD deepened correction. Iron ore potentially see support if hold up 797.0 level. First support 797.0. First resistance 840.0.
Verdict: • Short-run Neutral. Macro: • The Ministry of Housing and Urban Rural Development held a conference on acquisition of existing commercial houses for use as affordable houses. Many regions should promote cities at or above the county level to effectively and orderly carry out the purchase of existing commercial housing as affordable housing. …
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
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
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
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
Verdict- Neutral. DCE Sep24 consolidated in narrow range as expected in previous days. Hourly MACD widened in bearish territory. Hourly CCI and KD were in neutral area. If iron maintain trading in 20 yuan/ton range, the price will be hard to see directional movement. A breakdown on 814.0 or a breakthrough on 840.0 potentially drive …
Continue reading “Iron Ore DCE Sep24 Daily Technical Review 20/06/24”
