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Iron Ore DCEIron Ore DCE

20211014 22:50

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Iron Ore DCE (F2) intraday: the downside prevails as long as 740 is resistance

740.00 is our pivot point.

Our preference: the downside prevails as long as 740 is resistance.

Alternative scenario: the upside breakout of 740, would call for 757 and 767.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Iron Ore DCE (F2) is trading under both its 20 and 50 period moving average (respectively at 730.60 and 753.10).

Supports and resistances:

767.00 **

757.00 *

740.00 **

733.50

722.50 last

699.50

690.00 **

680.00 *

670.00 **

Crude Palm Oil (Bursa Malaysia)Crude Palm Oil (Bursa Malaysia)

20211014 22:52

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Crude Palm Oil (Bursa Malaysia) (Z1) intraday: the downside prevails as long as 4951 is resistance

Our pivot point is at 4951.

Our preference: the downside prevails as long as 4951 is resistance.

Alternative scenario: the upside breakout of 4951, would call for 5023 and 5066.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Crude Palm Oil (Bursa Malaysia) (Z1) is trading under both its 20 and 50 period moving average (respectively at 4919 and 4913).

Supports and resistances:

5066 **

5023 *

4951 **

4922

4877 last

4788

4745 **

4703 *

4660 **

TS Rubber 20 (SGX)TS Rubber 20 (SGX)

20211014 22:52

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TS Rubber 20 (SGX) (F2) intraday: below its lower Bollinger band

173.10 is our pivot point.

Our preference: the downside prevails as long as 173.10 is resistance.

Alternative scenario: above 173.10, look for 174.20 and 174.80.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. TS Rubber 20 (SGX) (F2) is trading under both its 20 and 50 period moving average (respectively at 173 and 173.30). Finally, the TS Rubber 20 (SGX) (F2) has penetrated its lower Bollinger band (171.71).

Supports and resistances:

174.80 **

174.20 *

173.10 **

172.60

171.70 last

170.40

169.70 **

169.10 *

168.40 **

PalladiumPalladium

20211014 22:53

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Palladium (spot) intraday: eye 2064.75

2171.00 is our pivot point.

Our preference: eye 2064.75.

Alternative scenario: the upside breakout of 2171, would call for 2210.50 and 2234.25.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Palladium (spot) is below its 20 period moving average (2145.97) but above its 50 period moving average (2135.29).

Supports and resistances:

2234.25 **

2210.50 *

2171.00 **

2155.25

2137.04 last

2088.25

2064.75 **

2041.00 *

2017.50 **

PlatinumPlatinum

20211014 22:53

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Platinum (spot) intraday: the upside prevails as long as 1048.6 is support

Our pivot point stands at 1048.6.

Our preference: the upside prevails as long as 1048.6 is support.

Alternative scenario: the downside breakout of 1048.6 would call for 1034.9 and 1026.8.

Comment: the RSI is trading above 70. This could mean that either prices are in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Platinum (spot) is trading above both its 20 and 50 period moving average (respectively at 1049.3 and 1035.5).

Supports and resistances:

1102.7 **

1094.5 *

1086.3 **

1078.2

1059.4 last

1053.9

1048.6 **

1034.9 *

1026.8 **


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