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%

FIS Technical – Iron Ore Sep 18


Open interest is decreasing in the DCE September futures contract and this has been the drive behind the recent upward move in the form of market short covering.

Technically the market is in a neutral mode as it is now consolidating and has formed a symmetrical triangle. It now needs to close outside of the consolidation pattern (in either direction) to signal the next directional move in the market.

Markets with higher volume within the consolidation period tend to perform better than those with low volume (Bullkowski) which we are seeing.

iron ore 13-4-18

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