Tag archives: DF

A Room with a Technical View 21/03/22

Capesize April Futures – The futures continue to hold in a bullish trending environment, but price is in a corrective phase. Downside moves on the daily technical that hold at or above USD 21,232 will support a bull argument, below this level the futures will have a neutral bias.  The RSI is above 50, supporting …

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Daily DCE Review 18/03/22

Iron ore futures ended the week on gains, despite market concerns over the strict lockdown measures and impact on steel demand. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 3.54% day-on-day or up RMB 28.50 to RMB 833.50/mt, during the day trading session on Friday. The rebar futures also increased by …

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Daily Capesize Review 17/3/22

Capesize freight rates continued to slide on the volatile market, though some felt the market would soon bottoming out in the subdued physical market. The Capesize 5 time charter average, then dropped by $234 day-on-day to $21,596 on Thursday, after some market selloff sessions. The Baltic Dry Index (BDI) also decreased slightly by $3 day-on-day, …

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Daily Capesize Review 16/3/22

Capesize freight rates coughed the gains made recently, following the selloff sessions, amid the volatile market. The Capesize 5 time charter average, then dropped by $1,583 day-on-day to $21,830 on Wednesday, after market selloff in the afternoon session. The Baltic Dry Index (BDI) then decreased by $98 day-on-day, or down 3.64% day-on-day, to $2,591, due …

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