Capesize

17950

Sep-17
0.00 0.00%

Panamax

11175

Sep-17
225.00 2.05%

Iron Ore

76.5

Sep-17
0.85 1.12%

Sing 380

278.25

Oct-17

Coking Coal

208

Sep-17
0.00 0.00%

Nola Urea

212.5

Sep-17
0.00 0.00%

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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