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Tag archives: IO
Iron Ore DCE January24 Daily Technical Review 30/10/23
Verdict- Neutral to Bullish. DCE Jan24 contract rebounded as expected. The 901.0 became an intra-day resistance as iron ore was rejected by this level four times in hourly chart. Hourly MACD widened during the night session in Friday and maintained at high level in Monday. Hourly slow stochastic KD entered overbought area. Iron ore potentially …
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Daily Virtual Steel Mill Report 30/10/23
Verdict: • Short-run Neutral. Macro: • US September PCE index up 3.7% on the year, created the lowest since May 2021, est. 3.7%, last 3.9%. PCE up 0.3% m-o-m, est. 0.3%, last 0.1%. Iron Ore Key Indicators: • Platts62 $121.80, +2.80, MTD $118.50. PBF saw active demand in market after a significant decrease …
London Iron Ore Market Report 27/10/23
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Iron Ore Market Daily Report 27/10/23
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Iron Ore DCE January24 Daily Technical Review 27/10/23
Verdict- Neutral to Bullish. DCE Jan24 contract broke important resistance at 881.5 and entered the second acceleration period. Hourly MACD widened above 0 axis. Hourly CCI entered bullish area. Iron ore potentially maintain bullish above 881.5 area. First support 881.5. First resistance 900.
Daily Virtual Steel Mill Report 27/10/23
Verdict: • Short-run Neutral to Bullish. Macro: • US GDP accelerated to 4.9% in the third quarter, more than doubled the growth rate in last quarter and created the fastest growth rate in past two years, powered by spike in consumer spending. Economists generally expected that the growth rate to slow in Q4. …
London Iron Ore Market Report 26/10/23
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Iron Ore Market Daily Report 26/10/23
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
Iron Ore DCE January24 Daily Technical Review 26/10/23
Verdict- Neutral. DCE Jan24 contract rebounded during the day however rejected by major resistance at 881.5. Further rejections potentially reverse the price trend because this area created two reversals in September and October previously. Hourly CCI was approaching bullish territory. Hourly MACD narrowed in bullish territory. First support 863.0. First resistance 881.5.