A Room with a Technical View 21/02/22

Capesize March Futures – The futures traded below the USD 18,800 support last week resulting in the Price trading to a low of USD 16,500, keeping the technical above key support, however the deep pullback meant the technical had a neutral bias. Having held support the futures have broken near-term resistance levels, upside moves that …

Daily Virtual Steel Mill Report 21/2/22

Market Verdict on Iron Ore: • Neutral. Macro • G20 finance ministers and central bank leaders said that the global economy continued to recover, but influenced by COVID-19 and other countries. The recovery process and policies were different among countries. The inflation pressure of some countries increased. The attending countries promised to take all available …