Category archives: Uncategorized

Iron Ore DCE Sep Daily Technical Review 30/4/21

Verdict – Short-term neutral to bearish. DCE iron ore September contract retreated as previous long taking gains before Labor Day holiday. However market needs further confirmation on the reversal, unless a breakdown on important support on 1083.0 level. Hourly slow stochastic KD narrowed near oversold area. Hourly CCI flattened. Technical signals were indicating the correction …

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FIS Fuel Oil Morning Report 29/04/21

Brent opened up +0.3% or 20c higher at$67.47 as of 8am GMT We are again on the front foot as oil edges higher as rising demand optimism offsets virus surge ! I get the feeling the market is now well trenched in the idea that demand is going to boom in the 2h of this …

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Iron Ore DCE Sep Daily Technical Review 29/4/21

Verdict – Short-term neutral. DCE iron ore September contract consolidated as previous expected in wide range with increasing volume and smaller open interest because of approaching Labor Day. However hourly stochastic KD created dead cross. Hourly MACD widened below 0 axis. Iron ore currently has no clear trend within the range box of 1110.5 – …

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