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Monthly archives: February 2021
Iron Ore DCE May Daily Technical Review 1/2/21
Verdict – Short-term neutral to bearish. DCE iron ore corrected during the day. Iron ore consolidated for most of January. The breakdown on 1005.5 would potentially trigger a big level correction. Hourly CCI created double tops and potentially reach the weak area below -100. Houly MACD was flattening. The short-term signals were indicating an …
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Ferrous Daily Physical Review 1/2/21
Ferrous Market – Australia Pilbara Ports Authority sent a cyclone notice late last week, the cyclone passed by the Hedland port area, which was cleared during weekends. However the cyclone has left the coastal area on Monday, detail impact on delivery to be announced. – FMG SSF discount expanded to 11% from 10% in January. …