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Daily Virtual Steel Mill Report 27/02/24

Verdict: • Short-run Neutral to Bearish. Macro: • ECB banker Christian Lagarde indicated that the 2% inflation target must be realised. ECB governor indicated the first interest cut would start in June. • Reuters: India is considering an export tax on low-grade iron ore after small steel producers urged the government to curb its …

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European Close 26/02/24

Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004

Capesize Technical Report 26/02/24

Supramax Mar 24 Morning Technical Comment – 240 Min 26/02/24

Panamax March 24 Morning Technical Comment – 240 Min 26/02/24

Capesize Mar 24 Morning Technical Comment – 240 Min 26/02/24

Iron Ore Offshore March 24 Morning Technical Comment – 240 Min Chart 26/02/24

Brent April 24 Morning Technical Comment – 240 Min 26/02/23

Base Morning Technical Report 26/02/24

Iron Ore DCE May24 Daily Technical Review 26/02/24

Verdict- Neutral to Bearish. DCE May24 contract corrected massively after broke the periodic low around 885.5. Iron ore gained intra-day support at 871.0, however the short-run support should lie around 850.0. Slow stochastic KD corrected to oversold area. Hourly CCI moved in bearish territory. As said in previous reports, iron ore is facing mid-run selling …

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