Verdict- Neutral to Bearish. DCE May24 contract consolidate in narrow range during the day. Iron ore potentially saw some exhaustion at current level. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD rebounded after a gold cross created above oversold area. First support 969.0. First resistance 1009.5.
Category archives: Technical Reports
Capesize Technical Report 08/01/24
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Supramax Jan 24 Morning Technical Comment – 240 Min 08/01/24
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Panamax Feb 24 Morning Technical Comment – 240 Min 08/01/24
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Capesize Feb 24 Morning Technical Comment – 240 Min 08/01/24
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Iron Ore Offshore Feb 24 Morning Technical Comment – 240 Min Chart 08/01/24
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Brent Mar 24 Morning Technical Comment – 240 Min 08/01/24
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Iron Ore DCE May24 Daily Technical Review 08/01/24
Verdict- Neutral to Bearish. DCE May24 contract corrected as expected from previous report. Hourly MACD widened in bearish territory. Hourly slow stochastic KD corrected and close to oversold area. Hourly CCI entered bearish territory. Iron ore potentially test low in next session. First support 969.0. First resistance 1009.5.
Base Morning Technical Report 08/01/24
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FIS Fertilizer Market Report 05/01/23
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