Verdict- Neutral to Bullish. Iron ore price increased as expected from last report. Hourly MACD widened in bullish territory. Hourly slow stochastic KD entered overbought area. Hourly CCI approached the high created on June 26th. Iron ore potentially maintain bullish in next few sessions. First support 848.5. First resistance 870.0.
Category archives: Products
Daily Virtual Steel Mill Report 03/07/24
Verdict: • Short-run Neutral to Bullish. Macro: • The United Nations conference on trade and development predicted that the global GDP growth will be around 3% in 2024, the short-term trade outlook is cautiously optimistic. Global trade volume may reach 32 $trillion in 2024, however lower than record high at 2022. • US Federal …
FIS Fertilizer Market Report 02/07/2024
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Capesize and Panamax FFA Report 02/07/24
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Supramax and Handysize FFA Report 02/07/24
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European Close 02/07/24
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Weekly Oil Report 02/07/24
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Oil and Products Evening Report 02/07/24
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Freight Index Report 02/07/24
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London Iron Ore Report 02/07/24
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