A Room with a Technical View 07/03/22

Capesize March Futures – Technically bearish last week A positive divergence on the 1-hour intraday had warned that we could see a small test to the upside resulting in the futures trading from USD 15,650 to USD 20,000. April futures – The roll in the futures created a bullish Gap of USD 4,000 which took …

Iron Ore DCE May Daily Technical Review 7/3/22

Verdict – Short-term neutral. DCE iron ore May22 maintained bullish during the day. However worth noticing that DCE aggregated open interest has lost 16.6% from the start of this round of rebound in Feb 28th. Previous cut loss sellers were major contributor of today’s market. Short-run support was close to the upper bound of a …