Iron Ore DCE January Daily Technical Review 17/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract tested low and rebounded. Intra-day refreshed a periodic high with slight improving trading volume. Hourly MACD in slight bearish territory. However daily MACD moved aggressively in bullish territory. Both short-run and mid-run technical signals were indicating a rebound in the aftermarket. The first support …

Freight and Commodity Podcast 16/11/22

An overview of the Freight and FFA market; with a rollercoaster of news in China, we hear how that affects Iron Ore and finally end with some colour in the fuel oil market.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/0IMck3PzVAXmZ1440ril2O?si=iyr5dub7QKODMA3NCRH87g   Itunes – https://podcasts.apple.com/gb/podcast/episode-110-16-11-22/id1507094242?i=1000586474323  

Iron Ore DCE January Daily Technical Review 16/11/22

Verdict – Short-term neutral to bullish . DCE iron ore January contract broke the highs of last two trading days, returning to bullish tunnel. However hourly MACD consolidated around 0 axis. Hourly slow stochastic KD potentially create dead cross in overbought area. Iron ore maintain in the ascending tunnel. A breakthrough on 745.5 would indicate …