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Steel and Scrap Morning Report 21/03/23

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

Iron Ore DCE May23 Daily Technical Review 21/03/22

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.

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, …

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European Close 20/03/23

London Iron Ore Derivatives Report 20/03/23

Coking Coal Report 20/03/23

Singapore Iron Ore Derivatives Report 20/03/23

Steel and Scrap Morning Report 20/03/23

Iron Ore Offshore April 23 Morning Technical Comment – 240 Min Chart 20/03/23

Iron Ore DCE May23 Daily Technical Review 20/03/22

Verdict- Bearish in Short-run. DCE May23 contract entered a correction phase. The contract broke 900.0 and tested the second support level at 883.0. Hourly CCI entered bearish territory. Hourly MACD maintained in bearish territory after March 14th. Short-run signals were indicating the correction in continuance. First support 860.0. First resistance 900.0.