Category archives: Ferrous

Daily DCE Review 17/05/22

Iron ore futures moved upward on the day session, despite an industry event held in Singapore that drew most of the major industry players. The futures of Dalian Commodity Exchange (DCE) then hiked slightly by 0.91% day-on-day or up RMB 7.50 to RMB 829/mt, during the day trading session on Monday. The rebar futures also …

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Iron Ore DCE September Daily Technical Review 17/05/22

Verdict – Short-term neutral.   DCE iron ore September contract broke through the important resistance at 839.0 and refreshed seven-day high, however corrected back with lower aggregated volume. Hourly MACD potentially create dead cross above 0 axis. Hourly slow stochastic KD created dead cross this morning and deepened correction. Technical signals indicate a potential to …

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A Room with a Technical View 16/05/22

Capesize June Futures – Last week we noted that the RSI on the 4-hour chart had produced a negative divergence, warning of the potential for a momentum slowdown, with downside moves below USD 36,500 indicating the futures had entered a corrective phase. We also noted that any corrective move lower had the potential to be …

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Iron Ore DCE September Daily Technical Review 16/05/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract picked up during the last half-hour before closing. The high of day was slight lower than the import resistance level at 839.0. From hourly chart, MACD narrowed above 0 axis. Hourly CCI created lower highs from May 11th. Iron ore needs to breakthrough …

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