Verdict: • Short-run Neutral. Macro: • The surge in US gasoline inventories raised concerns about sluggish demand, with investors questioning whether OPEC+production cuts can offset the impact of oversupply from other oil producing countries. WTI crude oil fell below the $70 mark for the first time since early July, 4% drop at $69.36 per …
Category archives: Ferrous
London Iron Ore Derivatives Report 06/12/23
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European Close 06/12/23
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Singapore Iron Ore Derivatives Report 06/12/23
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Iron Ore Offshore Jan 24 Morning Technical Comment – 240 Min Chart 06/12/23
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Steel and Scrap Morning Report 06/12/23
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Iron Ore DCE May24 Daily Technical Review 06/12/23
Verdict- Neutral to Bullish. DCE May24 contract returned to bullish run after a big rebound. Hourly MACD widened in bullish area after a gold cross. Hourly slow stochastic KD spiked to overbought area. Hourly CCI reached the high after November 23rd. First support 890.0. First resistance 958.0.
Daily Virtual Steel Mill Report 06/12/23
Verdict: • Short-run Neutral. Macro: • The cooling on the job market intensified the correction on US bond, eyeing three-month low of 10-year US bond yield at 4.167%. US dollar index rebounded to 104, refreshed new high since November 22nd. Iron Ore Key Indicators: • Platts62 $131.40, +0.35, MTD $131.90. There was no …
European Close 05/12/23
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London Iron Ore Market Report 05/12/23
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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″]