Iron Ore Offshore Dec 21 Morning Technical Comment – 240 Min Chart 16/11/21

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Daily DCE Review 16/11/21

Iron ore futures suffered a sharp fall just the close at the morning session, then moved flattish at the afternoon session amid thin steel margins and falling steel prices.   The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.10% day-on-day or down RMB 6 to RMB 540/mt, during the day …

Oil and Ore Intraday Morning Technical 15/11/21

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Iron Ore Offshore Dec 21 Morning Technical Comment – 240 Min Chart 15/11/21

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 US (KS): +1-203-979-7023

Iron Ore DCE Jan Daily Technical Review 15/11/21

Verdict – Short-term neutral.   DCE iron ore Jan22 created a doji during the day with no significant direction. Short-run resistance fell on 560.0 – 561.0 area. Short-run support on 532.0 area which created a very fast rebound. Houlry MACD exhausted above 0 axis and became neutral. Hourly CCI fell to bearish boundary. Short-run technicals …

Daily Virtual Steel Mill Report 15/11/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         China  Ministry of Foreign Affairs spokesperson Hua Chunying announced that China Chairman Xi will hold a internet conference with U.S. president Biden. Market understand as a step forward and ease of the two countries. ·         21 China cities published a price floor on houses to avoid …

Daily DCE Review 15/11/21

Iron ore futures dropped on the day session, following market bearish sentiment on falling steel prices and thin margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.53% day-on-day or down RMB 14 to RMB 539/mt, during the day trading session on Monday. The rebar futures also slipped by 4.54% …