Category archives: Ferrous

A Room with a Technical View 08/08/22

Capesize September Futures – We noted on the last report that the futures were technically bullish based on higher highs and higher lows; however, with the RSI at 50 and the stochastic overbought, momentum was warning that if the RSI moved below 50, we could be vulnerable to a test to the downside. The RSI …

Continue reading “A Room with a Technical View 08/08/22”

Iron Ore DCE January Daily Technical Review 09/08/22

Verdict – Short-term neutral.   DCE iron ore January contract successfully broke through 745.0 level however corrected fast and gave back half gains created by yesterday. Market saw divergence views in near periodic high with expanding volume. Hourly slow stochastic KD created gold cross in overbought area. Hourly MACD created dead cross. Iron ore needs …

Continue reading “Iron Ore DCE January Daily Technical Review 09/08/22”

Daily Virtual Steel Mill Report 09/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. New York Federal survey indicated that the future three-year inflation expectation fell from 3.6% to 3.2%.   Iron Ore Key Indicators: • Platts62 $108.80, +1.85, MTD $108.98. The term contract discounts for FMG in August widened in August, however market participants indicated that the …

Continue reading “Daily Virtual Steel Mill Report 09/08/22”