Iron Ore DCE May Daily Technical Review 17/12/20

Verdict – Short-term neutral to bullish, be aware of reversal on high area. DCE iron ore rebounded with higher lows and highs, approaching historic high again. Hourly MACD was flat. Hourly slow stochastic KD is widening beyond overbought area. CCI created high from Dec 11th. Iron ore spike caused the open interest decreased 34% from …

FIS CASTAWAY – EPISODE 37

FIS Castaway Podcast – Episode 37 – Christmas Special   Whether you’ve been Naughty or Nice, tune in to our special episode ‘The 12 Commodities of Christmas’ to hear the team break down the year’s price action and trends across all our products, along with the usual news and comment.   Listen Below:   Website …

Morning Oil Report 16/12/20

Brent crude futures fell 11 cents, or 0.2%, to $50.65 a barrel at 0421 GMT before softening further to $50.48 at 0730GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.2%, to $47.53 a barrel.   Crude inventories swelled by 2 million barrels in the week to Dec. 11 to about …