A Room with a Technical View 04/10/22

Capesize November Futures – The downside move in the futures has held at the USD 14,750 support meaning the technical remains bullish but with a neutral bias (the intraday technical is bearish). Upside moves that fail at or below USD 18,917 will leave the futures vulnerable to further tests to the downside; above this level, …

Daily Virtual Steel Mill Report 30/09/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro: • Before Chinese Golden Weeks, many cities start signing major projects, with a total investment of 3163.9 billion yuan. • The number of new claims for unemployment benefits for the first time last week was 193,000, est. 215,000, last 213,000. The U.S. economy growth …