Tag archives: TR

A Room with a Technical View 15/08/22

Capesize September Futures – As highlighted last week, the futures remained technically bearish with the divergence failing, warning we had the potential to test the USD 11,625-USD 11,415 support zone if the intraday divergence failed. The price traded to a low of USD 10,950 before moving USD 1,000 higher. The futures remain technically bearish and …

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Iron Ore DCE January Daily Technical Review 22/08/22

Verdict – Short-term neutral.   DCE iron ore January rebounded, however resisted by important neckline area at 700.0. Hourly MACD flattened above 0 axis. Hourly CCI decreased to bearish territory. Technical signals were indicating the price movement entered a consolidation period. However a breakthrough on 700.0 level would lead iron ore back to strong rebound …

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