Verdict: • Short-run Neutral to Bullish. Macro: • US Federal maintained unchanged for interest rate at 5.25-5.5%, fell into market expectations. However the recent matrix indicated that the probability of interest cut dropped from 3 times to 1 time in 2024. • On June 12th, the European Commission issued a statement proposing to impose …
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FIS Fertilizer Market Report 12/06/24
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European Close 12/06/24
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Supramax Technical Report 12/06/24
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Supramax July 24 Morning Technical Comment – 240 Min 12/06/24
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Panamax July 24 Morning Technical Comment – 240 Min 12/06/24
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Capesize July 24 Morning Technical Comment – 240 Min 12/06/24
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Iron Ore Offshore July 24 Morning Technical Comment – 240 Min Chart 12/06/24
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Brent Aug 24 Morning Technical Comment – 240 Min 12/06/24
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Iron Ore DCE Sep24 Daily Technical Review 12/06/24
Verdict- Neutral. DCE Sep24 saw exhaustion and stablised during the day. Hourly MACD potentially create gold cross in the next session. Hourly CCI entered neutral area from bearish territory. Iron ore potentially ended correction and entered consolidation period. The next important resistance is 824.5. First support 780.0. First resistance 824.5.