Iron Ore DCE Sep Daily Technical Review 19/7/21

Verdict – Short-term neutral. DCE iron ore September tested low at important support area around 1209.0 and bounced back. Hourly slow stochastic KD potential to create gold cross. Hourly MACD potential to flatten below 0 axis. CCI created a rebound from bearish area. Technical signals were indicating neutral. The first support is 1209.0, the first …

ENGINE: Europe & Africa Bunker Fuel Market Update 15/7/21

Bunker prices are tumbling in key European and African ports, tracking Brent down as a four-day rally has come to an end on the prospect of a breakthrough in the OPEC+ impasse.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($31/mt), Durban ($23/mt) and Rotterdam ($22/mt) LSMGO prices down …