Category archives: Ferrous

A Room with a Technical View 01/03/22

  Capesize March Futures – We highlighted last week that USD 21,382 was the key resistance to follow as price remained vulnerable below this level. The futures traded to a high of USD 21,250 before entering a corrective phase. The move lower was driven be outside events after Russia invaded the Ukraine, resulting in the …

Continue reading “A Room with a Technical View 01/03/22”

Iron Ore DCE May Daily Technical Review 1/3/22

Verdict – Short-term neutral to bullish. DCE iron ore May22 rebounded significantly during the day and breakthrough major resistance. Hourly MACD expanded above 0 axis. Hourly slow stochastic KD entered a bullish territory and potential create gold cross. Technical signals were indicating a potential to test high. However be aware of the decreasing open interest. …

Continue reading “Iron Ore DCE May Daily Technical Review 1/3/22”

Steel & Scrap Close 28/02/22

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

Daily DCE Review 28/02/22

Iron ore futures rebounded from previous week of losses, despite market concern over supply from the Russia-Ukraine conflict. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 2.69% day-on-day or up RMB 18.50 to RMB 705.50/mt, during the day trading session on Monday. The rebar futures also rose by 1.96% to …

Continue reading “Daily DCE Review 28/02/22”