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Iron Ore Market Daily Report 05/03/24

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

Ferrous Weekly Report 05/03/24

Iron Ore Offshore April 24 Morning Technical Comment – 240 Min Chart 05/03/24

Iron Ore DCE May24 Daily Technical Review 05/03/24

Verdict- Neutral. DCE May24 contract consolidated as expected. The last rangebox was 860.5 – 905.0, however iron ore traded in narrower area from 875.0 – 895.5 today. Hourly MACD narrowed in bullish territory. Maintain neutral outlook unless a break on current range. First support 860.5. First resistance 905.0.

Daily Virtual Steel Mill Report 05/03/24

Verdict: • Short-run Neutral. Macro: • Fed governor Rafeal Bostic said that inflation is expected to “slowly” return to the 2% target. Thus it would be appropriate for the Fed to cut interest rates twice by 25 basis points before the end of this year. • China government work report indicated the GDP growth …

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London Iron Ore Market Report 04/03/24

European Close 04/03/24

Iron Ore Market Daily Report 04/03/24

Iron Ore Offshore March 24 Morning Technical Comment – 240 Min Chart 04/03/23

Iron Ore DCE May24 Daily Technical Review 04/03/24

Verdict- Neutral. DCE May24 contract broke last low at 865.0 as expected, however recovered all losses fast and closed high. The return of buyers generally mean the support should be robust at 860.5 -865.0 area. Hourly CCI returned from bearish territory to neutral area. Hourly slow stochastic KD created gold cross in oversold area. Hourly …

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