Verdict- Bearish in Short-run. DCE May23 contract entered a correction phase. Maintained the short-run bearish outlook. Hourly slow stochastic entered oversold area. Hourly MACD moved in bearish territory. Hourly 5 Day MA, 10 Day MA and 20 Day MA were indicating a bearish structure. First support 860.0. First resistance 900.0.
Category archives: News
Daily Virtual Steel Mill Report 21/03/22
Market Verdict on Iron Ore: • Neutral to Bearish. Macro: • CME FedWatch indicated that the 25 bps interest hike in March had reached 76.8%. • The Swiss government has committed nearly 260 billion Swiss francs to rescue Credit Suisse, equivalent to one-third of Swiss GDP. Iron Ore Key Indicators: • Platts62 $126.50, …
Fertilizer Market Report 20/03/23
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Supramax and Handysize FFA Report 20/03/23
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Capesize and Panamax FFA Report 20/03/23
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European Close 20/03/23
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Oil and Products Evening Report 20/03/23
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London Iron Ore Derivatives Report 20/03/23
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Coking Coal Report 20/03/23
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Dry Freight Index Report 20/03/23
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