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Category archives: Technical Reports
Iron Ore Offshore 29/12/21
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Iron Ore DCE May Daily Technical Review 29/12/21
Verdict – Short-term neutral to bearish. DCE iron ore May22 contract corrected significantly during the day and recovered major loss during the last half hour. The previous support 673.0 became a major resistance, which used to be a neckline of a multiple tops area – a traditional bearish top reversal pattern in long-run. However an …
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Brent Daily technical 29/12/21
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Oil and Ore Intraday Morning Technical 24/12/21
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Freight Morning Technical 24/12/21
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Base Morning Intraday Note 24/12/21
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European Close 23/12/21
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Freight Morning Technical 23/12/21
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Iron Ore DCE May Daily Technical Review 23/12/21
Verdict – Short-term neutral. DCE iron ore May22 contract tested low and recovered loss, as expected in previous two trading days, iron ore currently consolidate and neutral. The previous major support area fell into 670- 676, which support iron ore three times from December 16th. Iron ore potentially return to bullish if a breakthrough on …
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