Iron Ore DCE May Daily Technical Review 18/1/21

Verdict – Short-term neutral. DCE iron ore created new high since 22/12/2020. Currently iron ore created three dojis during last three hours from hourly chart, indicating the rebound was exhausted at the moment. However in mid-run iron ore created 1069.5- 1079 – 1084.5, higher highs over the new year. Thus mid-run was in neutral to …

China Wuxi Cobalt Index Weekly Technical Review 18/1/21

Verdict – Short-term Bearish. China Wuxi Cobalt corrected significantly during the early Asian morning session with increasing volume. The slow stochastic KD created dead cross on overbought area in Jan 15th. CCI created double top in Jan 15th. Daily MACD was narrowing and potentially create dead cross in next few trading hours. Daily candles created …

Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract) 15/1/21

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