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Iron Ore Offshore July 24 Morning Technical Comment – 240 Min Chart 03/06/24
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Brent July 24 Morning Technical Comment – 240 Min 03/06/24
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Base Morning Technical Report 03/06/24
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Iron Ore DCE Sep24 Daily Technical Review 03/06/24
Verdict- Neutral to Bearish. DCE Sep24 corrected as expected and broke the second support around 850.0. Hourly MACD widened in bearish territory. Hourly CCI was in bearish area. In short-run, iron ore potentially test low according to technical signals. First support 805.0. First resistance 850.0.
Daily Virtual Steel Mill Report 03/06/24
Verdict: • Short-run Neutral. Macro: • US PCE April price index up 0.2%, refreshed new low since December 2023, est. 0.3%, last 0.3%. • According to Euro Statistics, EU inflation in May reached 2.6%, 0.2% higher than April. Iron Ore Key Indicators: • Platts62 $115.25, +0.10, MTD $117.52. There were two SSF sold …
FIS Fertilizer Market Report 31/05/24
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Iron Ore DCE Sep24 Daily Technical Review 30/05/24
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.
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 …
Iron Ore DCE Sep24 Daily Technical Review 29/05/24
Verdict- Neutral. DCE Sep24 corrected following the neutral to bearish outlook from beginning of the week. However, iron ore potentially regained support above 880.0 level. There were five flat hourly candles created and followed with a rebound in last hour, a signal of exhaustion on the selling side. Hourly slow stochastic KD created gold cross …
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