Daily DCE Review 25/1/22

Iron ore futures recovered from previous losses amid market optimism over post-Lunar New Year steel demand for infrastructure sector. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 1.39% day-on-day or up RMB 10.50 to RMB 766.50/mt, during the day trading session on Tuesday. The rebar futures also inched up by …

Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 25/01/22

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Iron Ore DCE May Daily Technical Review 25/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract rebounded in smaller volume. A continuous breakthrough on 771.5 and 777.0 with increasing volume would confirm the market return to bullish track. Otherwise iron ore potentially entered the last rebound before a mid-run correction phase. Hourly MACD created gold cross. Hourly slow stochastic KD created gold …

Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 24/01/22

Please click below to view the report       For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004