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European Close 13/06/24

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London Iron Ore Report 13/06/24

Singapore Iron Ore Report 13/06/24

Iron Ore DCE Sep24 Daily Technical Review 13/06/24

Verdict- Neutral to Bullish. DCE Sep24 rebounded today, however saw pressure under R1 at 824.5. Hourly MACD widened above bullish territory. Hourly slow stochastic KD rebounded fast. A breakthrough on 824.5 potentially reverse iron ore market to bull again. Iron ore in short-run potentially test high in next session. First support 780.0. First resistance 824.5. …

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Daily Virtual Steel Mill Report 13/06/24

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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European Close 12/06/24

London Iron Ore Report 12/06/24

Singapore Iron Ore Report 12/06/24

Iron Ore Offshore July 24 Morning Technical Comment – 240 Min Chart 12/06/24

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.