Category archives: Products

Morning Oil Report 6/11/20

WTI was down $1.06, or 2.7%, at $37.73 a barrel at 0538 GMT, after dropping 0.9% yesterday. Brent crude was off $1.05, or 2.6%, at $39.88, having fallen 0.7% in the previous session. The continuing falls seem to have exacerbated by the ongoing uncertainty in the US surrounding the presidential election, as well as the …

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Iron Ore DCE January Daily Technical Review Nov 6th

Verdict – Short-term neutral. DCE iron ore consolidate in narrow range for the third trading day during the week. Trading volume down 32% from yesterday. Short-run correction needs to breakdown 772.5. At the same time, a rebound needs a breakthrough with volume on 805.5 level. Hourly slow stochastic is potential to create dead cross below …

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Daily Ferrous Physical Review Nov 6th

Ferrous Market –    MySteel 45 ports iron ore inventories at 128.12 million tonnes, up 482,500 tonnes w-o-w. Daily evacuation 3.1986 million tonnes, up 68,000 tonnes w-o-w. Australia iron ore 60.72 million tonnes, up 418,000 tonnes w-o-w. Brazil iron ore 39.56 million tonnes, up 174,000 tonnes w-o-w. 133 ships at ports, down 16. –    Mysteel researched …

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European Close 05/11/20

The Election count is dragging on leaving uncertainty in certain financial sectors. Equities are catching a bid whilst the USD continues to come under pressure, having produced a rejection candle yesterday. For iron ore the market is finding support having traded down to RMB 772 overnight. The offshore futures are seeing a similar pattern, a …

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