Capesize

13750

May-17
450.00 3.38%

Panamax

8300

May-17
-200.00 -2.35%

Iron Ore

61.5

May-17
-0.50 -0.81%

Sing 380

292.65

Jun-17

Coking Coal

177

May-17
1.00 0.57%

Nola Urea

172

May-17
3.00 1.78%

DCE Iron Ore May 17 futures – Daily


DCE Iron Ore May 17 futures – Daily

Verdict – Resistance levels continue to hold in the DCE May futures contract at CNY 720, as we continue with sideways movement.

Technically we remain in bullish territory having recently made a higher low; however there is some evidence of potential short term weakness in the market, in the form of a bearish divergence. Although not a sell signal it does highlight the failure to break above the current resistance levels.

iron ore 20-2-17

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