Iron Ore DCE Sep Daily Technical Review 9/6/21

Verdict – Short-term neutral. DCE iron ore September contract spiked during the last night session, however resisted below 1191.5-1197.0 area. The lower side 1148.5 also provide very strong support in mid-run. Hourly candles chart entered a consolidating mode. Hourly CCI pulled back from bullish territory. Hourly slow stochastic KD potentially create dead cross below overbought …

FIS Fuel Oil Morning Report 08/06/21

At 11.05am Singapore time (0305 GMT), the ICE Brent August contract was down 66 cents/b (0.92%) from the previous settle at $70.83/b, while the July NYMEX light sweet crude contract was down 63 cents/b (0.91%) at $68.60/b.   Crude rally came to an abrupt halt after reaching fresh two-year highs yesterday as investigations over the …