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Aug 15 - 03:55 AM

Commodities - Deeper Drops For Key Commodities Heighten Concern For China And Yuan

By Jeremy Boulton  —  Aug 15 - 02:25 AM
  • Iron ore drops to almost one year at CNY 691 on Aug 15

  • Weekly Ichimoku cloud base at CNY 722 broken - 100-WMA at CNY 681 challenged

  • The 21-WMA ay CNY 806 has dropped below 55-WMA at CNY 807 - bearish signal

  • Dalian coal has broken and closed below 200-WMA for the first time

  • This week's range unfolding below 200-WMA at CNY 1408

  • Coal and iron ore are closely tied to performance China's economy

Source:
Refinitiv IFR Research/Market Commentary

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