Category archives: Ferrous

Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 13/01/22

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 May Daily Technical Review 13/1/22

Verdict – Short-term bearish. DCE iron ore May22 contracted gave back all gains created overnight during the afternoon. If a breakdown on 722.0 during the day, iron ore potentially will accelerate the correction. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross on overbought area. Hourly CCI corrected from bullish territory to …

Continue reading “Iron Ore DCE May Daily Technical Review 13/1/22”

Daily Virtual Steel Mill Report 13/1/22

Market Verdict on Iron Ore： • Neutral to bearish. Macro • U.S. December CPI up 7% y-o-y, created the highest since June, 1982. DXY corrected massively from 95.61 to 94.9, which supported U.S. dollar linked commodities and triggered a big rebound shortly across commodity sector. Iron Ore Key Indicators: • Platts62 $131.60, +3.00, MTD $126.12. …

Continue reading “Daily Virtual Steel Mill Report 13/1/22”