Category archives: News

A Room with a Technical View 25/1/22

Capes February futures- As noted last week the bear trend remains stable with the engulfing pattern signalling a potential short-term upside move, key resistance was at USD 14,750. The upside move failed to hold with the Futures trading to a low of USD 10,500, bringing fractal resistance down to USD 14,750, above this level the …

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Iron Ore DCE May Daily Technical Review 25/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract rebounded in smaller volume. A continuous breakthrough on 771.5 and 777.0 with increasing volume would confirm the market return to bullish track. Otherwise iron ore potentially entered the last rebound before a mid-run correction phase. Hourly MACD created gold cross. Hourly slow stochastic KD created gold …

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Capesize Feb 22 Morning Technical Comment – 240 Min (Needs to Hold the Trend Line Break) 25/01/22

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Daily Capesize Review 24/1/22

Capesize freight rates continued to drop on thin liquidity, amid the vessel oversupply and low seasonal demand market. The Capesize 5 time charter average, then fell by $455 day-on-day to $6,935 on Monday, due to the limited shipping activities. The Baltic Dry Index (BDI) also dipped by $24, down 1.70% day-on-day, to $1,391, due to …

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