Tag archives: CC

Daily Virtual Steel Mill Report 14/06/22

Market Verdict on Iron Ore： • Bearish.   Macro • U.S. S&P500 corrected by 4%, confirming an entrance into bear market analysed by Wallstreet analysts. However the Executive Director of Morgan Stanley James P Gorman believed that the probability of a recession in the US economy is 50%, but any downturn is unlikely to be …

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A Room with a Technical View 13/06/22

Capesize June futures – Technically bullish last week but in a corrective phase; having traded to a low of USD 34,625 the futures have traded above the USD 39,250 high, to USD 43,500. Elliott wave analysis would suggest we are on a wave 5 of the cycle that started on 29/04/22 with a potential upside …

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Freight and Commodity Podcast 08/06/22

John Banaszkiewicz recalls the highlights from the history of the freight and commodity derivatives markets and we talk about the future in our 100th podcast episode special.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/1n2Re46TpigG7gPdMkTMiN?si=oDnThwIISqqeA4C9fRSrTQ   iTunes – https://podcasts.apple.com/gb/podcast/episode-100-08-06-22/id1507094242?i=1000565642091

A Room with a Technical View 06/06/22

Oil August Futures – Technically bullish on the last report the futures did trade above the USD 115.69 fractal resistance resulting in the USD 123.74 level being broken. The roll into the August contract resulted in a technical pullback, however price held above the USD 112.36 level supporting a bull argument. Key support remains unchanged, …

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