FIS API Blog
Verdict – Short-term neutral. DCE iron ore May22 contract consolidate during the day. Iron ore tested low and high during previous two trading days from 591.0- 631.0 area. The roof area was created in mid-run as 626.5- 644.0 – 631.0. However the lower support also went higher from mid-run perspective, which finally give the short-run …
Continue reading “Iron Ore DCE May Daily Technical Review 06/12/21”
Market Verdict on Iron Ore： · Neutral. Macro · China PM Li Keqiang indicated in the conference last Friday that China potentially leverage interest rate decrease policy in different markets to facilitate the healthy environment of investment and liquidity for mid-small enterprises. · China Evergrande Group officially announced the inability to perform its guaranteed liability. …
Verdict – Short-term neutral. DCE iron ore May22 contract consolidate in a narrower range during the day, however iron ore created a consecutive lower lows and lower highs over the past two trading days. Hourly CCI created a bottom reversal pattern. Hourly slow stochastic KD created gold cross above oversold boundary. Technical signals were indicating …
Continue reading “Iron Ore DCE May Daily Technical Review 03/12/21”
Verdict – Short-term neutral. DCE iron ore May22 contract created a 25.78% growth counted from the low of Nov 19th to the high of Dec 2nd. However iron ore dumped during the last hour with expanding volume compared to previous afternoon session. A recovery on 644.0 would only bring iron ore to a slow growth …
Continue reading “Iron Ore DCE May Daily Technical Review 02/12/21”
Market Verdict on Iron Ore： · Neutral to bullish. Macro · OECD change the global economy growth rate prediction from 5.7% to 5.6%. In addition, OECD also decrease the growth outlook in U.S. and Euro zone this year and next year. · Fed Beige Book: in October and early November, economic activity in most fed …
Verdict – Short-term neutral. DCE iron ore Jan22 maintained bullish from last night session however retreated during the Asian day session. Iron ore aggregated open interest also narrowed for the two consecutive trading days. Hourly slow stochastic KD created dead cross in overbought area. Hourly CCI retreated to neutral area from a previous bullish territory. …
Continue reading “Iron Ore DCE Jan Daily Technical Review 25/11/21”
Market Verdict on Iron Ore： · Neutral. Macro · China PM Li Keqiang and state council held a conference request to accelerate issuance of specialized debts in the coming year. · U.S. FOMC notes revealed a flexible date on the interest rate raise. · Indonesia president indicated the country potential stop exporting in the year …
Verdict – Short-term bullish. DCE iron ore Jan22 maintained strong rebound during the day. Iron ore aggregated open interest decreased by 12.43%, this decrease was majorly caused by a taking gains from previous short-positions. Hourly CCI maintained in bullish territory. Hourly slow stochastic KD maintained in bullish territory. Short-run technical were indicating a bullish in …
Continue reading “Iron Ore DCE Jan Daily Technical Review 24/11/21”
Market Verdict on Iron Ore： · Neutral to bullish. Macro · U.S. white house announced that the energy department will release 5,000 barrels of crude oil from Special Petroleum Reserve to resist oil price and resolve the supply disruption caused by pandemic. Iron Ore Key Indicators: · Platts 62%: $99.45 (+4.75) MTD $93.38. SGX and …
Please click below to view the report 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 (FL): +1 813 490 6630
