Category archives: Ferrous

A Room with a Technical View 07/02/22

  Capesize March Futures – The roll from February to March resulted in the futures gapping higher, from a technical perspective the upside move created by the roll means the technical is considered bullish, as the rolling front month contract traded above the USD 14,750 level. As noted on the morning technical reports, momentum had …

Continue reading “A Room with a Technical View 07/02/22”

Daily DCE Review 7/2/22

Iron ore futures rose on bullish market sentiment over steel demand, amid market concerns over limited supplies due to wet weathers. The futures of Dalian Commodity Exchange (DCE) for May delivery then hiked by 2.45% day-on-day or up RMB 19.50 to RMB 817/mt, during the day trading session on Monday. The rebar futures also went …

Continue reading “Daily DCE Review 7/2/22”