China Wuxi Cobalt Index Weekly Technical Review 8/3/2021

Verdict – Short-term neutral. China Wuxi Cobalt created big volatility from last Thursday and Friday. However as whole metals sector tends to narrow the range, Cobalt potentially flattened during the this week. CCI rebounded from the yearly-low. Slow stochastic KD potentially create a gold cross above oversold area. Technical signals were indicating an exhaustion on …

Ferrous trade weekly review 5/3/21

A total of 1.07 million mt of iron ores was traded for the week ended Mar 5, up 44.59% on-week from previous week trade volumes, as most Chinese participants geared up for the construction season in March. However, some market uncertainty rose during the week, due to the commencement of China’s Two Sessions meeting as …