FIS API Blog
Verdict – Short-term bullish. DCE iron ore maitained a rebound for the second trading day, with improving volume compared to the first half of last week. The rebound was majorly contributed by short covering. A breakthrough on 579.5 would bring iron ore to a mid-run rebound, otherwise iron ore remain in consolidation range. Hourly CCI …
Continue reading “Iron Ore DCE Jan Daily Technical Review 22/11/21”
Market Verdict on Iron Ore： · Neutral to bullish. Macro · China PM Li Keqiang held economy conference last Friday emphasizing the practical actions to promote healthy economy and decrease the cost pressure on mid and small capital companies from upstream commodities. · China Vice PM Liu He said in a manufacturing conference that financial …
Verdict – Short-term neutral to bullish. DCE iron ore Jan22 recovered major losses during the afternoon session with significantly increasing volume as well as new built long positions in the market. Hourly MACD expanded above 0 axis. Hourly KD created gold cross below oversold area. Hourly CCI approached bullish territory. Short-run signals were indicating neutral …
Continue reading “Iron Ore DCE Jan Daily Technical Review 19/11/21”
Market Verdict on Iron Ore： · Neutral to bullish. Macro · IMF indicated that supply chain disrupt potentially extend the expectation of inflation in some places of the world. · Major economies government revealed that they are currently researching on release crude oil. Previously U.S. indicated to coordinate to cool down global energy prices. Iron …
Verdict – Short-term neutral. DCE iron ore Jan22 started to consolidate weakly after refreshed listed low during today. Major previous support become resistance at 531.0 level after breakdown. Hourly slow stochastic KD retreated to bearish territory. Hourly MACD deepened below 0 axis. Short-run signals were indicating a neutral sentiment in this market. The first support …
Continue reading “Iron Ore DCE Jan Daily Technical Review 18/11/21”
Market Verdict on Iron Ore： · Neutral. Macro · Reuters: Biden government seek the top oil producing countries to release some crude oil reserves to help decrease oil price and stimulate economy booming. Iron Ore Key Indicators: · Platts62 $89.95, -0.45, MTD $93.45. Iron ore seaborne market gradually return stable during the week, as several …
Verdict – Short-term neutral. DCE iron ore Jan22 consolidated in narrow range for the previous 11 trading days. Hourly MACD potentially create a gold cross below 0 axis. Hourly slow stochastic KD rebounded. The market has significant support arround 530.0 area. Short-run a push with volume potenially trigger a big round of oversold rebound. 5 …
Continue reading “Iron Ore DCE Jan Daily Technical Review 17/11/21”
Market Verdict on Iron Ore： · Neutral. Macro · European statistic bureau: 19 member countries at Euro Zone economy growth rate up 3.75 compared to Q3 of last year, indicated a strong recover after the pandemic. · China and U.S. internet conference revealed a friendly signal of the trades and relations between the two countries …
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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”
