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%

FIS Technical – Iron Ore


FIS Technical – Iron Ore

The trend support has been broken and this has bearish connotations going forward. However the oversold stochastic on both the weekly and the daily charts would suggest a counter trend move is possible. This could create a false breakout and put the futures back above the long term support.

Caution on any downside moves that fail to make fresh lows below CNY 415 as this could be an early sign that the trend bias is turning bullish.

iron ore 5-6-17

Fis technical – iron ore 5-6-17