Verdict- Neutral to Bearish. DCE Sep24 corrected significantly dragged down by sharp correction on copper and silver. Hourly MACD widened in bearish territory. Hourly slow stochastic KD deepened correction. Iron ore entered mid-run correction again after broke 880.0 level. First support 850.0. First resistance 880.0.
Monthly archives: May 2024
Daily Virtual Steel Mill Report 30/05/24
Verdict: • Short-run Neutral. Macro: • US Beige Book expected a mild growth recently on the consumer price. • IMF raised its forecast for China’s projected economic growth to 5% from 4.6% in 2025. • China State Council issued the Action Plan for Energy Conservation and Carbon Reduction from 2024 to 2025, which required …
Capesize and Panamax FFA Report 29/05/24
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Supramax and Handysize FFA Report 29/05/24
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London Iron Ore Report 29/05/24
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Oil and Products Evening Report 29/05/24
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Freight Index Report 29/05/24
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Singapore Iron Ore Report 29/05/24
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Container FFA Report 29/05/24
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Tanker FFA Report 29/05/24
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