Verdict- Neutral. DCE May24 contract consolidated as expected. The last rangebox was 860.5 – 905.0, however iron ore traded in narrower area from 875.0 – 895.5 today. Hourly MACD narrowed in bullish territory. Maintain neutral outlook unless a break on current range. First support 860.5. First resistance 905.0.
Monthly archives: March 2024
Daily Virtual Steel Mill Report 05/03/24
Verdict: • Short-run Neutral. Macro: • Fed governor Rafeal Bostic said that inflation is expected to “slowly” return to the 2% target. Thus it would be appropriate for the Fed to cut interest rates twice by 25 basis points before the end of this year. • China government work report indicated the GDP growth …
FIS Fertilizer Market Report 04/03/24
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Fuel Oil Daily Evening Report 04/03/24
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London Iron Ore Market Report 04/03/24
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Supramax & Handysize FFA Daily Report 04/03/24
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Capesize & Panamax FFA Daily Report 04/03/24
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European Close 04/03/24
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Pulp Paper Futures Weekly Report 04/03/24
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ENGINE: Americas Bunker Fuel Market Update 04/03/24
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