Category archives: Ferrous

A Room with a Technical View 10/10/22

Capesize November Futures – The technical was bullish neutral last week, having held fractal support at USD 14,750. The futures had been moving higher, supported by an oversold stochastic alongside a neutral RSI; we highlighted key resistance at USD 18,917. Upside moves that failed at or below this level would leave the futures vulnerable to …

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Iron Ore DCE January Daily Technical Review 10/10/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract rebounded significantly after broke important resistance area from 731.0- 736.0 area. However the price was almost unchanged during the last three hours. Hourly CCI potentially head back from bullish territory to neutral area. Hourly slow stochastic KD was still approaching overbought area. The …

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Daily Virtual Steel Mill Report 10/10/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Chinese September Caixin PMI 49.3, first time below boom and bust line after June. Caixin Manufacturing PMI down 1.4% at 48.1.   Iron Ore Key Indicators: • Platts62 $95.80, unchanged, MTD $95.62. The trade activity in general eased off before and during golden …

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