Category archives: Products

Iron Ore DCE May Daily Technical Review 29/12/21

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract corrected significantly during the day and recovered major loss during the last half hour. The previous support 673.0 became a major resistance, which used to be a neckline of a multiple tops area – a traditional bearish top reversal pattern in long-run. However an …

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Daily Virtual Steel Mill Report 29/12/21

Market Verdict on Iron Ore： • Neutral to bearish. Macro • China Ministry of Industrial Information Technology vice chairman indicated that they have complied an implementation plan on non-ferrous, construction materials and petrol-chemical industry. At the same time, the new built capacity will be controlled. • China central bank PBOC: China financial system was generally …

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Morning Oil Report 29/12/21

At 10:12 am Singapore time (0212 GMT), the ICE February Brent futures contract was up 10 cents/b (0.13%) from the previous close at $79.04/b. The NYMEX February light sweet crude contract was down 1 cent/b (0.01%) at $75.97/b, snapping five straight days of gains.   Brent Daily technical 28/12/21  https://fisapp.com/wp-content/uploads/2021/12/FIS-Technical-Oil-Report-28-12-21.pdf   Bullish sentiment in the …

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Daily DCE Review 29/12/21

Iron ore futures continued to slide in the trading session today, amid market sentiment of slowing steel demand for the new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.92% day-on-day or down RMB 13 to RMB 663/mt, during the day trading session on Wednesday. The rebar futures also …

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