Verdict- Neutral. DCE Sep24 corrected as expected from last report. Hourly MACD created gold cross. Hourly slow stochastic KD reached oversold area. Iron ore saw exhaustion at 826.0 – 835.0 area. Thus, a stand on this area potentially mean rebound. Otherwise, iron ore maintain bearish. First support 805.0. First resistance 841.5.
Category archives: Uncategorized
London Iron Ore Report 04/06/24
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Weekly Macro Analysis Report 04/06/24
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Weekly Ferrous Analysis Report 04/06/24
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Weekly Oil Analysis Report 04/06/24
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European Close 04/06/24
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Supramax and Handysize FFA Report 04/06/24
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Capesize and Panamax FFA Report 04/06/24
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Oil and Products Evening Report 04/06/24
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Panamax Technical Report 04/06/24
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