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Verdict – Short-term bearish. DCE iron ore May22 created a big correction during the day. As expected in the last report, iron ore was only weak rebound and re-entered the bearish tunnel. However the long lower shadow line on the daily candle indicated an exhaustion with an increasing volume. Hourly slow stochastic KD created gold …
Continue reading “Iron Ore DCE May Daily Technical Review 25/2/22”
Iron ore futures dropped on market uncertainty over military conflict in Ukraine that dampened market confidence. The futures of Dalian Commodity Exchange (DCE) for May delivery then dropped by 3.13% day-on-day or down RMB 22 to RMB 680.50/mt, during the day trading session on Friday. The rebar futures also dropped by 1.85% or down RMB …
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
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 – Short-term neutral. DCE iron ore May22 closed with a doji. The trading range narrowed compared to yesterday. Hourly slow stochastic KD flattened. Hourly MACD flattened. Short-run technical was indicating a neutral sentiment. The first support is 682.0, the first resistance is 718.5
Market Verdict on Iron Ore： • Bearish. Macro • Kyiv says multiple sites attacked across country. • Europe central bank Vice President said the central bank would consider make adjustments on the asset purchase after the termination of PEPP in this March. In addition, the central bank would consider increasing interest rate. Iron Ore Key …
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
