Iron Ore Feb 22 (rolling Front Month) Key Resistance is Tested, Weekly Momentum is Vulnerable 26/01/22

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Daily Capesize Review 25/1/22

Capesize freight rates extended losses over sluggish demand and vessel oversupply, though some demand improvement was seen in the Pacific market. The Capesize 5 time charter average, then fell by $755 day-on-day to $6,180 on Tuesday, due to the thin shipping activities. The Baltic Dry Index (BDI) also dipped by $48, down 3.45% day-on-day, to …

Iron Ore DCE May Daily Technical Review 26/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract tested high several times however rejected by previous high at 777.0. A breakthrough and closing above 777.0 would indicate a continuous growth in mid-run. Otherwise buyers should be aware of the cross Chinese Lunar New Year holding risk. Hourly CCI re-entered the bullish territory. Hourly MACD …