Verdict – Short-term neutral. DCE iron ore September tested high however rejected below important resistance at 694.5. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD corrected after dead cross below overbought area. Short-run neutral. The first support is 650.0. The first resistance is 694.5.
Monthly archives: July 2022
Daily Virtual Steel Mill Report 19/07/22
Market Verdict on Iron Ore: • Neutral. Macro • Reuters news indicated a letter from Gazprom had announced force majeure to at least one of its clients on the natural gas supply. U.S. white house predicted that OPEC + would increase oil supply after the talk between Joseph Biden and the middle-east countries. …
Fertilizer Market Report 18/07/22
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Evening Steel and Scrap Report – 18/07/22
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European Close 18/07/22
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Supramax & Handysize FFA Daily Report 18/07/22
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Capesize and Panamax FFA Daily Report 18/07/22
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Coking Coal Report 18/07/22
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Dry Freight Index Report 18/07/22
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London Iron Ore Report 18/07/22
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