Monthly archives: August 2021

Iron Ore DCE Jan Daily Technical Review 23/8/21

Verdict – Short-term neutral. DCE iron ore January contract gave back most of gains created by last Friday. Hourly MACD weakened. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI corrected to bearish area from bullish area fast. The short support 735.0 was strong, which used to create a market reversal. However …

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Daily Virtual Steel Mill Report 23/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. Dollar reached the highest since last November on last Friday. Dollar entered a strong cycle. Iron Ore Key Indicators: ·         Platts 62% 139.10 (+8.90), MTD 163.36. ·         Jan -Jul China  recycled iron and steel imported 420,500 tonnes. Major import from Japan. SGX …

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Tanker Morning Report 23/8/21

News Headlines:   OIL DAYBOOK EUROPE: Asia’s Excess Diesel to Head West; Margins  (Bloomberg)   When the pandemic spread across Asia last year, oil traders sent an armada of tankers to haul excess diesel supplies out of the region. Now, as the delta variant of the coronavirus rips across the continent, the same thing could happen …

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China Wuxi Cobalt Index Weekly Technical Review 23/8/2021

Verdict – Short-term neutral to bullish. China Wuxi Cobalt slight rebound but in general maintained stable during the past week. However MACD is creating a gold cross. Daily slow stochastic KD created gold cross above oversold area. CCI rebounded fast to reach bullish area. A potential bottom area is created if Cobalt rebounded with volume …

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