Verdict- Neutral to bearish. DCE Jan24 contract corrected and broke the previous lower boundary of the range box. Thus, previous support at 859.5 became the new resistance. A rejection on this level in next few sessions would indicate a correction in continuance. First support 823.5. First resistance 859.5.
Monthly archives: September 2023
Daily Virtual Steel Mill Report 21/09/23
Verdict: • Short-run Neutral. Macro: • US Federal maintained interest rate from 5.25- 5.5% unchanged in the FOMC meeting in September, fell in the expectation of economists. • UK inflation rate refreshed an 18-month low, which decreased expectations on further hikes. Iron Ore Key Indicators: • Platts62 $124.65, +1.90, MTD $121.42. JMBF discount …
FIS Fertilizer Market Report 20/09/23
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Supramax & Handysize FFA Daily Report 20/09/23
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Capesize & Panamax FFA Daily Report 20/09/23
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European Close 20/09/23
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London Iron Ore Market Report 20/09/23
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Fuel Oil Daily Evening Report 20/09/23
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ENGINE: Americas Bunker Fuel Market Update 20/09/23
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Panamax Technical Report 20/09/23
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