Iron Ore DCE Sep Daily Technical Review 26/7/21

Verdict – Short-term neutral. DCE iron ore September rebounded slightly and overall stablised as predicted on last Friday. A breakthrough on 1161.5 would lead iron ore into a short-run bullish market. However a rejection on the intra-day high again would mean iron ore need more time to consolidate. Hourly MACD was running in stable mode …

Castaway Podcast – Episode 64 22/07/21

    FIS Castaway Podcast – Episode 64 – Ferts Special     We hop into the world of Ferts with our Aussie broker Andrew Manna walking us through this growing market, alongside our usual discussion on Freight, Iron ore and Oil.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-64/   Spotify https://open.spotify.com/episode/0SVBJEFxmjagzIv011IZ8x?si=dvE08oTzQKCHA0qaGOIhqA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-64-ferts-special/id1507094242?i=1000529571701       …

Iron Ore DCE Sep Daily Technical Review 22/7/21

Verdict – Short-term neutral. DCE iron ore September corrected significantly with increasing trading volume. Hourly MACD created dead cross. Hourly slow stochastic KDE created dead cross below overbought area, indicated a market reversal. CCI created a double top area. Technical signals were indicating the correction potentially continues. The first support is 1114.5, the first resistance …