Verdict- Neutral. DCE Sep23 contract corrected, however in general maintain in rangebound trading. Hourly MACD flattened in oversold area. Hourly CCI approached bearish boundary. The higher lows from hourly charts were indicating a strong support. However the resistance area from 851.5- 854.5 last for two weeks. First support 823.5. First resistance 854.5.
Monthly archives: July 2023
Daily Virtual Steel Mill Report 24/07/23
Market Verdict on Iron Ore: • Neutral. Macro: • China announced support for property construction by saying the government will boost the renovation of urban villages. It will also seek more private capital in the projects to expand domestic demand and push forward development of cities. Iron Ore Key Indicators: • Platts62 $115.35, …
Fuel Oil Daily Evening Report 21/07/23
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London Iron Ore Market Report 21/07/23
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Capesize & Panamax FFA Daily Report 21/07/23
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Supramax & Handysize FFA Daily Report 21/07/23
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Aluminum Premium Report 21/07/23
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ENGINE: Americas Bunker Fuel Market Update 21/07/23
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Iron Ore Market Daily Report 21/07/23
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ENGINE: Europe & Africa Bunker Fuel Market Update 21/07/23
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