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Brent Mar 24 Morning Technical Comment – 240 Min 17/01/24

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Base Morning Technical Report 17/01/24

Iron Ore DCE May24 Daily Technical Review 17/01/24

Verdict- Neutral to Bearish. DCE May24 contract returned to correction phase after eroding the gap created by yesterday. Hourly MACD created dead cross. Hourly CCI entered bearish territory. Iron ore potentially test low in the next few sessions. First support 915.0. First resistance 950.0.

Daily Virtual Steel Mill Report 17/01/24

Verdict: • Short-run Neutral. Macro: • ECB’s member Gediminas Simkus said investors are far less optimistic than markets on rate cuts. The salaries statistics were considered important. • China Premier Li Qiang attended the World Economic Forum 2024 Annual Meeting at the Davos and delivered a special speech, expected GDP growth about 5.2%, higher …

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Panamax Technical Report 17/01/24

European Close 16/01/24

Iron Ore Offshore Feb 24 Morning Technical Comment – 240 Min Chart 16/01/24

Brent Mar 24 Morning Technical Comment – 240 Min 16/01/24

Iron Ore DCE May24 Daily Technical Review 16/01/24

Verdict- Neutral to Bearish. DCE May24 contract tested low and rebounded by last half hour. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD flattened above oversold area. Iron ore saw exhaustion at current level. A hold on the low at 924.5 potentially bring iron ore into a consolidating phase. First support 924.5. First …

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