Monthly archives: February 2021

Supramax Feb 21 Morning Technical Comment – 240 Min 22/02/21

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FIS Fuel Oil Morning Report 22/02/21

Brent crude was up 76 cents, or 1.2%, at $63.67 a barrel by 0104 GMT before tapering off slightly into the European morning session to print $63.53 by 0730GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents, or 1.3%, to $59.98 a barrel, having fallen 0.4% last week.   Investment bank Goldman …

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Iron Ore DCE May Daily Technical Review 22/2/21

Verdict – Short-term neutral. DCE iron ore create historical high during the first 3 minutes by Asian opening, however gave back most of gains during the day. Hourly MACD softened below 0 axis. Hourly CCI potentially create a bearish divergence with iron ore price. The after CNY iron ore growth was majorly contributed by the …

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Ferrous Daily Physical Review 22/2/21

Ferrous Market –    Steelbank construction steels inventory 8.98 million tonnes, up 45.17% compared with the week before Chinese New Year. HRC inventories 3.398 million tonnes, up 50.57% compared with the week before Chinese New Year. –    Heard Tangshan potentially execute harsh environment cut on steel rolling mills, some mills stop selling steels after hearing this …

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China Wuxi Cobalt Index Weekly Technical Review 22/2/2021

Verdict – Short-term neutral. China Wuxi Cobalt picked up significantly in line with global metals during past two weeks. However Cobalt reached Elliot wave 4 and almost exhaust the theoretical height of a standard wave 4. Slow stochastic KD increase. CCI was approaching the high of 2021. Short-term be aware of a test high and …

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