FIS API Blog
Verdict – Short-term bearish. DCE iron ore September contract corrected as expected. Hourly MACD created a typical short structure as MA40 and MA60 created a dead cross. Hourly CCI was in a bearish territory. The intra-day loss was majorly due to the previous long positions started to take gains, which potentially created a mid-run level …
Continue reading “Iron Ore DCE September Daily Technical Review 11/4/22”
Market Verdict on Iron Ore： • Bearish. Macro • U.S. last week jobless claim reached 166,000, a new low since the year 1968. Est. 200,000, last 202,000. • China Security News: The analysts indicated that the market potentially see interest rate decrease in Q2. Iron Ore Key Indicators: • Platts62 $154.65, -0.40, MTD $158.56. …
Verdict – Short-term neutral bearish. DCE iron ore September contract corrected as expected in last report. Hourly slow stochastic KD created a second dead cross which was lower than the previous created in last trading day. Hourly CCI was on the boundary of neutral and bearish territory. Short-run signals were indicating a consolidation but …
Continue reading “Iron Ore DCE September Daily Technical Review 08/04/22”
Market Verdict on Iron Ore： • Neutral to bearish. Macro • EIA indicated that the global oil reserve would reach 240 million barrels in the following six months. • The European central bank notes indicated that the net asset purchase plan expected a certain date, which could clear the way for the potential interest …
Verdict – Short-term neutral to bearish. DCE iron ore corrected during the day and saw a dead cross on Hourly MA5 and MA10, as well as a following dead cross on MA10 and MA20. Hourly slow stochastic KD created a dead cross in the first hour of T+1 session yesterday. CCI fell sharply from bullish …
Continue reading “Iron Ore DCE September Daily Technical Review 07/04/22”
Market Verdict on Iron Ore： • Neutral to bearish. Macro • According to the minutes from U.S. Fed meeting, most officials believed that it was necessary to raise interest rates by 50 basis points once or more times during the year. It may be appropriate to reduce the asset ceiling by $95 billion per …
Verdict – Short-term neutral. DCE iron ore spiked over 4% during the day and gave back half of gains by closing. The current price movement potential exhausted by seeing MACD created a dead cross in higher area in hourly chart. Hourly slow stochastic KD also created dead cross in overbought area. Hourly CCI dropped from …
Continue reading “Iron Ore DCE September Daily Technical Review 6/4/22”
Verdict – Short-term neutral. DCE iron ore Sep22 contract jumped up and refresh new highs from listed today. Hourly MACD created gold cross. Hourly slow stochastic KD reached overbought area. Hourly CCI reached bullish territory. However volume was cautious because of pre-holiday sentiment. Be aware of systemic impact during holiday. The first support is 898.0,the …
Continue reading “Iron Ore DCE September Daily Technical Review 1/4/22”
Market Verdict on Iron Ore： • Neutral. Macro • China issued 1.82 trillion yuan local debts in Q1, more than doubled from the year 2021. • Biden announced an unprecedented oil reserve release plan, about 1 million barrels of oil/day for six months from May, 180 million barrels in total. It is reported that the …
Verdict – Short-term neutral. DCE iron ore Sep22 contract traded in narrow range. Iron ore as expected exhausted at current level. The consecutive decreasing volume during past four days indicating the chasing high investors potentially started to enter watch and see mode. Open position decreased from yesterday. Hourly MACD created dead cross. Hourly slow stochastic …
Continue reading “Iron Ore DCE September Daily Technical Review 31/3/22”
