Category archives: Ferrous

A Room with a Technical View 05/09/22

Capesize October Futures – The futures roll has resulted in the technical producing an upside gap due to the carry against the September futures. We have seen a couple of bullish days following the roll, resulting in price trading into the Fibonacci resistance zone; however, the upside move has failed to trade above the USD …

Continue reading “A Room with a Technical View 05/09/22”

Iron Ore DCE January Daily Technical Review 05/09/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract spiked and reversed the bearish sentiment during the day. However the intra-day high was resisted by major resistance level from 697.5-700.0. Hourly MACD widened above 0 axis. Hourly CCI was in bullish territory. Short-run technical signals were indicating a potential to test high …

Continue reading “Iron Ore DCE January Daily Technical Review 05/09/22”

Daily Virtual Steel Mill Report 05/09/22

Market Verdict on Iron Ore： • Neutral.   Macro • An official from the Ministry of Industry and Information Technology (MIIT) said at the raw material industry high-quality development press conference that the prices of steel, copper, aluminum, cement and other products have declined recently, and that the MIIT will continue to ensure supply and …

Continue reading “Daily Virtual Steel Mill Report 05/09/22”