FIS Technical – Nickel Rolling 3 Month The rolling futures are now above the 8-21 period EMA’s and the 55 period MA indicating the near-term technical continues to firm. However the upside move at this point is within the last bear wave down meaning it is considered as a countertrend move. To view the full …
Author archives: Edward Hutton
China Increases 2019-20 Soybean Import Forecast to 91m Tons
China boosted its estimate for soybean imports for the current marketing year to 91m tons, citing better crushing profits and the implementation of the phase-1 trade deal with the U.S., according to China Agricultural Supply and Demand Estimates (CASDE). * That’s 3.32m tons higher than last month’s projection SOYBEANS * China’s 2020-21 soybean imports are …
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Supramax May 20 Morning Technical Comment – 240 Min
Capesize June 20 Morning Technical Comment – 240 Min
Panamax May 20 Morning Technical Comment – 240 Min
Brent July 20 Morning Technical Comment – 240 Min
Iron Ore Offshore June 20 Morning Technical Comment – 240 Min Chart
Aussie Pressured by Fed’s Push Back and China Beef Ban
Aussie Pressured by Fed’s Push Back and China Beef Ban The Australian dollar briefly rose above its 100-day moving average again this week in what appears to be a false break after Federal Reserve officials pushed back on the notion of negative U.S. rates. The currency had been stuck below the rolling gauge since January …
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Iron Ore Tests key Support But Refusing to Buckle
Iron Ore Tests key Support But Refusing to Buckle Onshore iron ore futures have held above key support levels this morning, having failed to break below the weekly pivot point at RMB 625.7. Fundamentally vulnerable on the back of a global slowdown due to the COVID-19 pandemic, there is increasing bearish rhetoric regarding the performance …
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Iron Rises With Brazil Flows, Australian Spat in Focus
Iron Rises With Brazil Flows, Australian Spat in Focus Iron ore futures gained as major producer Brazil continued to post lower shipment figures and investors tracked escalating trade tensions between China, the top iron ore buyer, and Australia, its largest supplier. Brazil’s daily average exports of iron ore and concentrated products was 1.04 million tons …
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