Iron Ore DCE May Daily Technical Review 23/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract tested low and recovered loss, as expected in previous two trading days, iron ore currently consolidate and neutral. The previous major support area fell into 670- 676, which support iron ore three times from December 16th. Iron ore potentially return to bullish if a breakthrough on …

Daily Virtual Steel Mill Report 23/12/21

Market Verdict on Iron Ore: • Neutral. Macro • World bank predicted China real GDP growth rate reach 8.0% in the year 2021 and 5.1% in the year 2022. • Clarkson statistic indicated that global fleet trades reached 45.07 million CGT, up 138% y-o-y, refreshed a 8-year record. Iron Ore Key Indicators: • Platts62 $122.60, …

Iron Ore Offshore Jan 22 Morning Technical Comment – 240 Min Chart 23/12/21

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Morning Oil Report 23/12/21

At 9:55 am Singapore time (0155 GMT), the ICE February Brent futures contract was up 35 cents/b (0.46%) from the previous close at $75.64/b, while the NYMEX February light sweet crude contract rose 34 cents/b (0.47%) at $73.10/b.   Brent Feb 22 Morning Technical Comment – 60 Min 23/12/21 https://fisapp.com/wp-content/uploads/2021/12/FIS-Morning-Technical-Brent-23-12-21.pdf   EIA Crude: -4,715 Cushing: …