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Verdict – Short-term neutral to bearish. DCE iron ore corrected slightly by closing from yesterday. Iron ore was strongly supported by 751.5- 754.0 area for three times during the week, observed from hourly chart. However iron ore created lower highs over past two weeks. Iron ore from mid-run is still in a bearish territory. From …

Continue reading “Iron Ore DCE January Daily Technical Review Sep 25th”

Ferrous Market –    MySteel 45 ports iron ore inventory at 116.16 million tonnes, up 1.23 million tonnes w-o-w. Daily evacuation 3.13 million tonnes down 47,100 tonnes w-o-w. Australia iron ore on ports at 57.37 million tonnes up 608,300 tonnes w-o-w. Brazil iron ore on ports at 31.69 million tonnes up 969,200 tonnes w-o-w. 157 ships …

Continue reading “Daily Ferrous Physical Review Sep 25th”