Iron Ore DCE Jan Daily Technical Review 25/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 maintained bullish from last night session however retreated during the Asian day session. Iron ore aggregated open interest also narrowed for the two consecutive trading days. Hourly slow stochastic KD created dead cross in overbought area. Hourly CCI retreated to neutral area from a previous bullish territory. …

Daily Virtual Steel Mill Report 25/11/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         China PM Li Keqiang and state council held a conference request to accelerate issuance of specialized debts in the coming year. ·         U.S. FOMC notes revealed a flexible date on the interest rate raise. ·         Indonesia president indicated the country potential stop exporting in the year …

Castaway Podcast Ep. 81 24/11/21

Freight and Iron Ore markets have found a floor, for the time being at least, hear about that and our other commodity markets on this week’s podcast.     Click Below to Listen:     Website – https://freightinvestorservices.com/blog/fis-castaway-eps-81/ Spotify – https://open.spotify.com/episode/6LDYAu9mETGcsOvsnZmQBd?si=-kZQbyRdQVSj-Dpea0Xc_w iTunes – https://podcasts.apple.com/gb/podcast/episode-81/id1507094242?i=1000542942416

Iron Ore DCE Jan Daily Technical Review 24/11/21

Verdict – Short-term bullish. DCE iron ore Jan22 maintained strong rebound during the day. Iron ore aggregated open interest decreased by 12.43%, this decrease was majorly caused by a taking gains from previous short-positions. Hourly CCI maintained in bullish territory. Hourly slow stochastic KD maintained in bullish territory. Short-run technical were indicating a bullish in …

Daily Virtual Steel Mill Report 24/11/21

Market Verdict on Iron Ore: ·         Neutral to bullish. Macro ·         U.S. white house announced that the energy department will release 5,000 barrels of crude oil from Special Petroleum Reserve to resist oil price and resolve the supply disruption caused by pandemic. Iron Ore Key Indicators: ·          Platts 62%: $99.45 (+4.75) MTD $93.38. SGX and …