FIS API Blog
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 …
Continue reading “Iron Ore DCE Jan Daily Technical Review 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 …
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% …
Verdict – Short-term neutral. DCE iron ore Jan22 gave back most of gains created by yesterday, and returned to a narrower consolidation range. The intra-day low was higher than last low, as well as the afternoon trading volume on Jan22 contract was extremely small compared to previous days of the week, which indicated market was …
Continue reading “Iron Ore DCE Jan Daily Technical Review 12/11/21”
Market Verdict on Iron Ore： · Neutral. Macro · The European Commission raised its inflation outlook for the euro area this year and next year, which is expected to be 2.4% and 2.2% respectively, but it is expected that inflation in the euro area will slow significantly to 1.4% in 2023, lower than the 2% …
Iron ore futures closed lower at the day session, despite the recent rebound seen yesterday, following the bearish market sentiments. The futures of Dalian Commodity Exchange (DCE) for January delivery then slid by 1.62% day-on-day or down RMB 9 to RMB 546.50/mt, during the day trading session on Friday. The rebar futures also fell by …
Iron ore futures rebounded from recent losses, which previously brought the index to a one year low this week, due to the off-peak steel demand season. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 6.84% day-on-day or up RMB 36.50 to RMB 570.50/mt, during the day trading session on Thursday. …
Verdict – Short-term neutral to bullish. DCE iron ore Jan22 created the biggest single day increase since August 24th, and following with higher highs and higher lows. Daily slow stochastic KD created gold cross in oversold area. Daily CCI entered neutral area from bearish territory. Hourly MACD widened above 0 axis. Hourly CCI entered bullish …
Continue reading “Iron Ore DCE Jan Daily Technical Review 11/11/21”
Market Verdict on Iron Ore： · Neutral to bullish. Macro · China Evergrande paid interests to bondholders of debts expiring in the year 2022, 2023 and 2024 totaled 148 million U.S. dollars. · U.S. president Biden indicated control inflation was the most important thing, energy cost increase caused price increase. Biden also required Federal Trade …
Iron ore futures closed lower at the day session, despite some rally in mid-session but failed to recover lost ground. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 4.62% day-on-day or down RMB 26 to RMB 536.50/mt, during the day trading session on Wednesday. The rebar futures followed the dip …
