FIS Castaway Podcast – Episode 26/05/21

    FIS Castaway Podcast – Episode 56   Scrap your friends and listen to this week’s podcast – Volatility in oil and freight, collapsing iron ore, and we take an in depth look at CME and LME steel and scrap contracts, as well as the upcoming SGX Shanghai rebar contract.     Listen Below: …

Iron Ore DCE Sep Daily Technical Review 26/5/21

Verdict – Short-term bearish. DCE iron ore September contract corrected significantly during the day. Hourly MACD created dead cross. Hourly CCI dropped from the highest since May 18th to the lowest of the year. Currently iron ore price drop along with new short position, indicating a continuous correction. The first support is 964.5, the first …