Verdict- Neutral. Iron ore tested low and closed 1 yuan/ton above last closing. Hourly MACD narrowed in bearish territory. Hourly CCI entered neutral area from bearish area. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were indicating a consolidation. First support 750.0. First resistance 791.0.
Monthly archives: July 2024
Tanker FFA Report 24/07/24
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Daily Virtual Steel Mill Report 24/07/24
Verdict: • Short-run Neutral. Macro: • According to NAR, US home sales at 3.89 million units in June, down 5.4% on the month, refreshed lowest since December, 2023. • Russia reimposes gasoline export ban for August, potentially extend this ban for further months if necessary. Iron Ore Key Indicators: • Platts62 $100.40, -2.80, …
Capesize August 24 Morning Technical Comment – 240 Min 24/07/24
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Oil and Product Morning Report 24/07/24
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Iron Ore Offshore Aug 24 Morning Technical Comment – 240 Min Chart 24/07/24
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Brent Sep 24 Morning Technical Comment – 240 Min 24/07/24
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Base Morning Technical Report 24/07/24
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European Close 23/07/24
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FIS Fertilizer Market Report 23/07/24
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