FIS API Blog
Verdict – Short-term neutral. DCE iron ore January contract recovered from the low open during the day, however hit down last half trading hour. Iron ore technically entered a desending tunnel from hourly candles. However there was chance to see slight rebound as previous four rounds in this chart. Hourly MACD remained in bearish …
Continue reading “Iron Ore DCE January Daily Technical Review 20/09/22”
Market Verdict on Iron Ore： • Neutral to bullish. Macro • China NDRC would accelerate financial investment tools total amount 300 billion yuan to help infrastructure projects landing. • Moody decreased global GDP to 2.4% from 2.9% in June, dragged by the energy crisis in Europe, inflation and tightened monetary policies in global countries. …
Verdict – Short-term neutral. DCE iron ore January contract entered a descending tunnel as lower highs and lows during past three trading days. However the last two day saw decreasing volume. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross below overbought area. Once iron ore broke down 700.0 with …
Continue reading “Iron Ore DCE January Daily Technical Review 19/09/22”
Market Verdict on Iron Ore： • Neutral to bullish. Macro • Super Central Bank week: Ten countires including U.S. Federal would finalise the interest rate decision during this week. • U.S. Shale oil and gas companies announced European buyers that they can’t provide additional energies in this winter. Once Europe ban on Russia oil …
Market Verdict on Iron Ore： • Neutral to bullish. Macro • The biggest four National Banks in China decreased saving rate in September 15th. • U.S. Shale oil and gas companies announced European buyers that they can’t provide additional energies in this winter. Once Europe ban on Russia oil taking into effect, oil supply …
Verdict – Short-term neutral. DCE iron ore January contracted consolidated as expected yesterday. Iron ore tested high and low with wider range. 15 minutes slow stochastic KD created gold cross above oversold area. 15 minutes level MACD narrowed below 0 axis. 710.5-713.5 provided significant support in short-run from hourly chart. The first support …
Continue reading “Iron Ore DCE January Daily Technical Review 15/09/22”
Market Verdict on Iron Ore： Neutral to bullish. Macro: The Muifa Typhoon entered inland China, while Chinese eastern ports area recovered normal operation after stopped for two days because of Typhoon and heavy rains. U.S. August PPI up 8.7%, est. 8.8%, last 9.8%. U.S. five-year T-bond yield refreshed highest since 2008 at 3.62%. Chinese …
Rio Tinto, Baowu Joint Venture to Enhance Iron Ore Supply Rio Tinto Group’s joint venture with China Baowu Steel Group Corp. to develop a new mine in Western Australia’s Pilbara region is set to longer-term iron ore supply. The $2 billion Western Range mine is expected to come online in 2025. Its projected …
Verdict – Short-term neutral. DCE iron ore January contract confirmed periodic high yesterday at 736.5 after a small correction today. In hourly chart, MACD widened below 0 axis. Slow stochastic KD deepened correction after a dead cross created in overbought area. CCI corrected close to bearish territory. The mid-run level correction needs confirmation on …
Continue reading “Iron Ore DCE January Daily Technical Review 14/09/22”
Market Verdict on Iron Ore： • Neutral to bullish. Macro • U.S. August CPI growth rate at 8.3%, est. 8.1%, last 8.2%. The market expected that the Federal would prefer to initiate aggressive interest hike by 75 bps next week. • Chinese State Administration of Taxation indicated that from June to August, 3.553 million …
