Category archives: Products

Daily DCE Review 30/12/21

Iron ore futures rebounded from previous trading day losses, amid slowdown in steel demand and weak market outlook for the new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up by 0.98% day-on-day or up RMB 6.50 to RMB 669.50/mt, during the day trading session on Thursday. The rebar futures, …

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Morning Oil Report 30/12/21

NYMEX February WTI increased 58 cents to settle at $76.56/b, and ICE February Brent rose 29 cents to settle at $79.23/b, after crossing the $80/b threshold earlier in the trading day. NYMEX January RBOB jumped 2.46 cents to settle at $2.2717/gal, and January ultra-low sulphur diesel climbed 64 points at $2.3778/gal.   EIA Report Crude: …

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Iron Ore Offshore Jan 22 Morning Technical Comment – 240 Min Chart 30/12/21

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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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