Category archives: News

Iron Ore DCE May Daily Technical Review 16/3/22

Verdict – Short-term neutral bullish. DCE iron ore May22 contract recovered major loss over the previous two days following the sentiment of China equities spike. Hourly MACD created gold cross during day session. Hourly slow stochastic KD created gold cross near oversold area in last evening. Technical signals are indicating a recovery in continuance. The …

Continue reading “Iron Ore DCE May Daily Technical Review 16/3/22”

Daily Capesize Review 15/3/22

Capesize freight rates extended bullish run, due to support of tighter tonnage with healthy demand from the Pacific market. The Capesize 5 time charter average, then jumped by $312 day-on-day to $23,413 on Tuesday, despite some selloff in the market. The Baltic Dry Index (BDI) however decreased slightly by $38 day-on-day, or down 1.39% day-on-day, …

Continue reading “Daily Capesize Review 15/3/22”