Freight and Commodity Podcast 08/02/23

Iron ore inventories reach a six-month high last week. We discuss supply pressure in H1 and whether Australia’s FOB coking coal continuous growth is sustainable. In addition, we get a technical view of iron ore and freight markets.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/37l5j8sHMlUrnxunOiSXx7?si=eD7wUnDbRi6iXQhOawnodQ   Itunes – …

Iron Ore DCE May23 Daily Technical Review 08/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract tested low, however supported by 828.5, indicating the support area from 828.5- 834.0 was significant. Hourly MACD narrowed movement, with a lower high and higher low. Technical signals were indicating the decrease of the daily range. A breakdown on 828.5 in future would trigger a big …