Capesize rates firmed up with improvements seen in both the Pacific and Atlantic basins on better shipping demand. Higher bunker prices also lent support to the rising freight rates that pushed the Baltic Dry Index (BDI) higher to 546 points, up 5% day-on-day on Tuesday. Good fundamentals in Pacific market The Pacific …
Category archives: Products
Copper Rolling 3 Month Morning Technical Comment – 240 Min Chart
Supramax June 20 Morning Technical Comment – 240 Min
DCE flattens after Vale’s supply assurance
Chinese futures came slightly flat today after a selloff in the morning session, before recovering loss grounds later at afternoon session. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, edged up slightly by 0.40% day-on-day to RMB 755 per tonne on Wednesday. Likewise, the steel rebar contract on …
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Capesize July 20 Morning Technical Comment – 240 Min
Panamax June 20 Morning Technical Comment – 240 Min
Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
Iron Ore DCE September Daily Technical Review Jun 3rd(Hourly Chart from Apr 16th to Jun 3rd)
Verdict – Short-term consolidation. DCE iron ore closed at 755.0 yuan slight lower than previous 757.0 yuan. The trading volume narrowed with a slight increase on open interest. From hourly chart, slow stochastic created second lower dead cross above overbought area, however flattened. Daily candles created a doji, and iron ore entered a symmetrical triangle …
Brent August 20 Morning Technical Comment – 240 Min
Copper Bulls Maintain Control
Having initially reacted negatively to the the Chinese stimulus two weeks ago the futures found buying support at the 55 day average. The bulls maintain control pushing the futures back to (and slightly above) the highs from the 21 – 05 – 20 Control, but not dominance, four days of upward price action is …