Tag archives: IO

Iron Ore DCE January24 Daily Technical Review 01/11/23

Verdict- Neutral to Bullish. DCE Jan24 contract rebounded as expected. Hourly MACD widened in bullish territory, however with thinner band width, indicating weaker power on buying motives. Hourly slow stochastic KD entered overbought area. CCI potentially breakdown bullish territory. Short-run technical signals were indicating a slow on the upward trend. First support 900.0. First resistance …

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Daily Virtual Steel Mill Report 01/11/23

Verdict: • Short-run Neutral.   Macro: • China held Financial Work Conference, emphasizing to build long-term mechanism to prevent and resolve risks from local debts. In addition it also mentioned providing more fudnes in innovation, high-tech manufacturing, green technology and mid/small cap companies. • China Manufacturing PMI fell under boom and bust line at 49.5. …

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London Iron Ore Market Report 31/10/23

Please click below to view the report     For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″]

Iron Ore Market Daily Report 31/10/23

Please click below to view the report     For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″]

Ferrous Weekly Report 31/10/23

Please click below to view the report     For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″]

Iron Ore DCE January24 Daily Technical Review 31/10/23

Verdict- Neutral to Bullish. DCE Jan24 contract rebounded as expected. However, the upward trend is slowing down. Iron ore saw intra-day resistance from 902.5- 904.0. Hourly MACD created dead cross. Hourly CCI entered bullish territory from neutral area. Short-run technical signals were indicating an exhaustion in current level.   First support 881.5. First resistance 920.

Daily Virtual Steel Mill Report 31/10/23

Verdict: • Short-run Neutral.   Macro: • Canada central bank indicated the resilience of inflation would enable the monetary department to hike interest rate in Q4. ECB indicated that the bank will see current rate enough in December. • China Manufacturing PMI fell under boom and bust line at 59.5.   Iron Ore Key Indicators: …

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