Category archives: News

FIS Fuel Oil Morning Report 29/03/21

Brent oil was down $1.38, or 2.1%, at $63.19 a barrel by 0511 GMT. U.S. crude fell 1.48 cents, or 2.4%, to $59.49 a barrel.   New over the weekend was seemingly dominated by the ongoing situation in the Suez Canal, that is disrupting Trade flows through Egypt, between Europe and Asia. Overnight on Sunday, …

Continue reading “FIS Fuel Oil Morning Report 29/03/21”

Iron Ore DCE May Daily Technical Review 29/3/21

Verdict – Short-term neutral. DCE iron ore may contract expected to complete rolling late this week or next week. Iron ore picked up significantly following the strong steel and coals. However hourly CCI flattened. Hourly slow stochastic created dead cross in overbought area. Iron ore potentially test historical new high at 1185.0 if hold up …

Continue reading “Iron Ore DCE May Daily Technical Review 29/3/21”

Daily Virtual Steel Mill Report 29/3/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Macro Market: ·         Suez Canal Admission: Ever Given in Suez Canal successfully float, however no more details on the recover date of the Canal. ·         U.S. president Biden planned to announce a statement related to infrastructure investment and green energy plan. Iron Ore Key Indicators: ·         …

Continue reading “Daily Virtual Steel Mill Report 29/3/21”

China Wuxi Cobalt Index Weekly Technical Review 29/3/2021

Verdict – Short-term neutral to bullish. China Wuxi Cobalt recovered slowly last week, however with significant decrease on both interest and volume since mid-March. Slow stochastic KD created gold cross near oversold area on March 24th. CCI rebound since March 12th. Technical signals were indicating a potential to extend rebound. The first support is 325.0. …

Continue reading “China Wuxi Cobalt Index Weekly Technical Review 29/3/2021”