FIS API Blog
Verdict – Short-term neutral to bullish. DCE iron ore September rebounded massively with narrowing volume, indicating market reversed to bullish sentiment after defend the 800- 806.0 level with significant huge volume yesterday. Hourly MACD increased above 0 axis. Hourly slow stochastic KD entered overbought area. Hourly CCI current moved in the bullish territory. Technical …
Continue reading “Iron Ore DCE September Daily Technical Review 27/05/22”
Market Verdict on Iron Ore： • Neutral to bullish. Macro • China Ministry of Commerce: at present, logistics disruption is gradually improving. Ensure domestic transportation of foreign trade goods and continue to alleviate the pressure of international logistics. • U.S. FOMC in May notes: most of the federal officials supported 50 basis points hike …
Iron ore futures reversed into losses from previous day rally, despite a late recovery in the afternoon session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then dipped slightly by 0.77% day-on-day or down RMB 6.50 to RMB 834/mt, during the day trading session on Thursday. The rebar futures …
Verdict – Short-term neutral. DCE iron ore September tested low at 806.0 level, and rebound with expanding volume, indicating the strong support in 800 – 806.0 area. The price movement fell in the neutral expectation previously. The effective rebound requires to breakthrough 856.0 level. Hourly MACD potentially create gold cross in next session. Hourly …
Continue reading “Iron Ore DCE September Daily Technical Review 26/05/22”
Market Verdict on Iron Ore： • Neutral. Macro • The general office of the State Council issued the opinions on expanding effective investment, including big infrastructure projects. Promote the healthy development of real estate investment trusts (REITs) . • China PM Li Keqiang: gurantee the Q2 economy growth and decrease unemployment rate. • …
Iron ore futures inched for gains after a late market rally to recoup the losses made during the morning trading session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked slightly by 0.35% day-on-day or up RMB 3 to RMB 852/mt, during the day trading session on Wednesday. …
Verdict – Short-term neutral. DCE iron ore September rebounded during the day, recovering the bearish sentiment yesterday. However the volume of current two days were both smaller than Monday, indicated the 884.0 potentially become a periodic high with strong resistance level. Hourly MACD narrowed below 0 axis. Hourly CCI left bearish territory. Technical signals …
Continue reading “Iron Ore DCE September Daily Technical Review 25/05/22”
Market Verdict on Iron Ore： • Neutral. Macro • U.S. Energy Bureau indicated that U.S. would release up to 4,010 barrels of crude oil. • Reuters indicated that Tesla factory in Shanghai would recover the production to pre-pandemic level in a few days. Iron Ore Key Indicators: • Platts62 $130.50, -5.45, MTD $133.17. …
Verdict – Short-term neutral. DCE iron ore September climbed fast in the first minute, rejected by the high of May 6th. Iron ore gave back half of gains by closing. Hourly slow stochastic KD created dead cross near the boundary of overbought area. Hourly CCI corrected to neutral area. MACD narrowed above 0 axis. …
Continue reading “Iron Ore DCE September Daily Technical Review 24/05/22”
Market Verdict on Iron Ore： • Neutral. Macro • Li Keqiang presided State Council meeting and implemented 33 measures in six areas, mainly including: annual tax rebate and reduction of 2.64 trillion yuan, doubling the amount and proportion of loan tools to small capitals, removing unreasonable restrictions and fees in the supply chain, promoting …
