Category archives: Ferrous

A Room with a Technical View 28/03/22

Capesize April Futures – The RSI has moved below 50 with price now trading below the USD 21,232 support, from a technical perspective the trend is considered as neutral. Downside moves below USD 16,200 fractal support will create a lower low will meaning the technical is bearish. Upside moves that fail at or below USD …

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Iron Ore DCE September Daily Technical Review 28/3/22

Verdict – Short-term neutral. DCE iron ore Sep22 contract rebounded as expected last Friday. However the verdict changed to neutral during the last few hours after seeing exhaustions on multiple signals. The intra-day trading volume expanded with slight decreased open interest. Hourly CCI correct from the bullish territory to neutral area. Hourly MACD narrowed above …

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Daily Virtual Steel Mill Report 28/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • German February PPI increased by 25.9% y-o-y, created the fastest growth from the year 1949, due to the massive increase on energy prices.   Iron Ore Key Indicators: • Platts62 $150.80 (+4.45), MTD 149.86. Iron ore portside and seaborne both saw much higher offers on …

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