Iron Ore DCE May23 Daily Technical Review 09/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract rebounded for the second trading day and brought the price trend from bearish to neutral. Hourly MACD widened in bullish territory. Hourly slow stochastic KD approached overbought area. Hourly CCI entered bullish territory. The technical signals were indicating a potential to test high in next few …

Freight and Commodity Podcast 08/02/23

Iron ore inventories reach a six-month high last week. We discuss supply pressure in H1 and whether Australia’s FOB coking coal continuous growth is sustainable. In addition, we get a technical view of iron ore and freight markets.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/37l5j8sHMlUrnxunOiSXx7?si=eD7wUnDbRi6iXQhOawnodQ   Itunes – …

Iron Ore DCE May23 Daily Technical Review 08/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract tested low, however supported by 828.5, indicating the support area from 828.5- 834.0 was significant. Hourly MACD narrowed movement, with a lower high and higher low. Technical signals were indicating the decrease of the daily range. A breakdown on 828.5 in future would trigger a big …