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Tag archives: IO
Singapore Iron Ore Derivatives Report 12/09/23
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Iron Ore DCE January24 Daily Technical Review 12/09/23
Verdict- Neutral. DCE Jan24 contract rebounded by 1.96% based on the last settlement price. Hourly MACD widened in bullish territory. Hourly slow stochastic KD created dead cross in overbought area. Hourly CCI corrected from bullish area to neutral area. Short-run technical was indicating an exhaustion approaching important resistance level at 865.5. Thus, a breakthrough on …
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Daily Virtual Steel Mill Report 12/09/23
Verdict: • Short-run Neutral to bullish. Macro: • ECB predicted Euro Zone GDP growth by 0.8% in 2023 on the year, up 1.3% in 2024, lower than expected 1.1% and 1.6% respectively from last time. Iron Ore Key Indicators: • Platts62 $120.65, +3.85, MTD $118.65. Although the primary market of seaborne iron ore …
Iron Ore Offshore Oct 23 Morning Technical Comment – 240 Min Chart 12/09/23
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London Iron Ore Derivatives Report 11/09/23
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European Close 11/09/23
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Singapore Iron Ore Derivatives Report 11/09/23
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 11/09/23
Verdict- Neutral. DCE Jan24 contract rebounded significantly with growing open interests, symbolising the entrance of new buyers. Hourly MACD returned to bullish territory. Hourly slow stochastic KD approached overbought area. Hourly CCI entered bullish area. In mid-run, a recovery on 865.5 would indicate the market return to bullish run. First support 826.5. First resistance 865.5. …
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Daily Virtual Steel Mill Report 11/09/23
Verdict: • Short-run Neutral. Macro: • China Newspaper saw credit growth rebound in August, when policy makers are likely to use RRR cuts and other financial tools to flexibly maintain at low cost funding to the banking system. • Guangzhou, China scrapped price limit on new homes by decreasing the mortgage rate at Loan …