Verdict- Neutral. DCE Jan24 contract recovered most of losses during trading day. Hourly KD created gold cross above oversold area. Hourly MACD widened in bearish territory. Short-run neutral from technical signals. First support 947.0. First resistance 995.0.
Category archives: Ferrous
Daily Virtual Steel Mill Report 16/11/23
Verdict: • Short-run Neutral to Bearish. Macro: • US PPI up 1.3% in October, lower than estimated 1.9%, last 2.2%. • China NDRC pricing department started co-working with DCE to research on the monitoring irregular movement of iron ore. Iron ore margin in exchange level raised from 13% to 15% in DCE effective after …
Iron Ore Offshore Dec 23 Morning Technical Comment – 240 Min Chart 16/11/23
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
Steel and Scrap Report 16/11/23
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European Close 15/11/23
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London Iron Ore Market Report 15/11/23
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Iron Ore Market Daily Report 15/11/23
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Iron Ore Offshore Dec 23 Morning Technical Comment – 240 Min Chart 15/11/23
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
Steel and Scrap Report 15/11/23
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″]
Iron Ore DCE January24 Daily Technical Review 15/11/23
Verdict- Neutral. DCE Jan24 contract created listed high and corrected 3 hours after that, gave back most of gains. Hourly CCI dropped from 389.0, a year-high to 0 level. Hourly MACD created dead cross. Iron ore potentially entered consolidation range after the fast up and downs in past few hours. First support 954.5. First resistance …
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