Iron Ore DCE January24 Daily Technical Review 06/09/23

Verdict- Neutral. DCE Jan24 contract consolidated during the day as expected. The price level expected to maintain neutral unless breaking through the range 836.5- 865.5. Hourly MACD weakened in bearish territory. Hourly slow stochastic KD maintained at neutral level. Hourly CCI approached the boundary of oversold area. First support 836.5. First resistance 865.5.    

Daily Virtual Steel Mill Report 06/09/23

Verdict: • Short-run Neutral.   Macro: • Saudi Arab and Russia extend the crude oil production curb. Saudi Arab would decrease 1 million barrels/day in the coming three months. Russia would decrease 300,000 barrels/day till the end of 2023. • The US federal governor Christopher Waller saild the policymakers can afford to skip interest hike. …

London Iron Ore Market Report 05/09/23

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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …

Iron Ore Market Daily Report 05/09/23

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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …

Iron Ore DCE January24 Daily Technical Review 05/09/23

Verdict- Neutral. DCE Jan24 contract was majorly traded in the range 836.5- 865.5 during the past three trading days. Hourly slow stochastic KD saw correction after a few lower dead crosses. Hourly CCI corrected from bullish area and approached bearish area. Hourly MACD widened in bearish territory. In short-run maintain neutral outlook unless a breakthrough …

Daily Virtual Steel Mill Report 05/09/23

Verdict: • Short-run Neutral.   Macro: • The ECB indicated that the Euro zone was in a high inflation mode and urged to bring inflation rate back to 2%. • The Chinese government has laid out a work plan to maintain steady growth for its automotive industry during 2023-24, expecting a 3% sales growth in …

London Iron Ore Market Report 04/09/23

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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …