Verdict- Neutral. DCE Sep24 corrected slightly, however in the consolidation range in general. Iron ore saw lower lows and lower highs for the past two trading days. A breakdown at 846.5 level potentially initiate a mid-run correction. Otherwise iron ore maintain consolidation. First support 846.5. First resistance 895.5.
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Sing 0.5% – May 24 Futures 26/04/24
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EUA Technical Report – Dec 24 26/04/24
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Iron Ore May 24 (rolling Front Month) 26/04/24
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FIS Technical – Brent June 24 26/04/24
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Supramax May 24 Morning Technical Comment – 240 Min 26/04/24
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Panamax May 24 Morning Technical Comment – 240 Min 26/04/24
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Capesize May 24 Morning Technical Comment – 240 Min 26/04/24
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Iron Ore DCE Sep24 Daily Technical Review 26/04/24
Verdict- Neutral. DCE Sep24 consolidated with loss on both OI and volume. Hourly slow stochastic KD created gold cross above oversold area. Hourly MACD narrowed in bearish territory. Hourly candles indicated a potential roof area if rejected by last high at 906.5 in few more trading days. Market entered holiday mode, be aware of mid-run …
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Iron Ore Offshore May 24 Morning Technical Comment – 240 Min Chart 26/04/24
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