Category archives: Uncategorized

FIS Fuel Oil Morning Report 08/06/21

At 11.05am Singapore time (0305 GMT), the ICE Brent August contract was down 66 cents/b (0.92%) from the previous settle at $70.83/b, while the July NYMEX light sweet crude contract was down 63 cents/b (0.91%) at $68.60/b.   Crude rally came to an abrupt halt after reaching fresh two-year highs yesterday as investigations over the …

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Iron Ore DCE Sep Daily Technical Review 7/6/21

Verdict – Short-term neutral to bearish. DCE iron ore September contract test low as expected from last Friday. The correction ended mid-run rebound. Hourly candles created a clear multiple top area, which was normally a reversal and bearish signal. The neckline at 1148.5, created very strong resistance. The intra-day support at 1115.5 was the major …

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