Category archives: Products

Iron Ore DCE Sep Daily Technical Review 13/5/21

Verdict – Short-term bearish. DCE iron ore September contract continued correction, with a further correction expectation in next trading day. Hourly stochastic KD slumped after a dead cross in the first hourly of DCE night session yesterday. Hourly CCI however finally flattened after created a year-low level. Hourly candles filled the previous gap created after …

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Fuel Oil Morning Report 13/05/21

Brent crude was down 66 cents, or 1%, at $68.66 a barrel by 0444 GMT, after gaining 1% on Wednesday. West Texas Intermediate (WTI) was down 67 cents, or 1%, to $65.41 a barrel, having risen 1.2% in the previous session.   EIA week ending 5/7 Crude oil: -0.4M Gasoline: +0.4M Distillates: -1.7M Refiner utilz: …

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Daily Virtual Steel Mill Report 13/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run market bearish. Macro ·         China PM Li, Keqiang requested to follow the onshore commodity relation with offshore commodity, to resolve the quick increase of commodity price. Strengthen currency policy and keep economy stable. ·         U.S. CPI April increase 4.2%, created new high since September 2008. Estimation …

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