Category archives: Products

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. …

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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 …

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Oil and Products Morning Report 25/11/21

At 10:25 am Singapore time (0225 GMT), the ICE January Brent futures contract was up 4 cents/b (0.05%) from the previous close at $82.29/b, while the NYMEX January light sweet crude contract was 3 cents/b (0.04%) lower at $78.36/b.   EIA Report Crude: 1,017 Cushing: 0,787 Distillate: -1,968 Gasoline: -0,603 Production: 100   Total US …

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