Market Verdict on Iron Ore: • Neutral. Macro: • IMF published the World Economic Outlook, estimated global economy growth by 2.8% in 2023, 0.1% lower than previous expectation. The estimated growth rate up 3% by 2024, down 0.1% than last prediction. • A report from the New York Federal Reserve stated that the Federal …
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London Iron Ore Derivatives Report 11/04/23
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European Close 11/04/23
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Singapore Iron Ore Derivatives Report 11/04/23
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Iron Ore Offshore May 23 Morning Technical Comment – 240 Min Chart 11/04/23
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Iron Ore DCE September23 Daily Technical Review 11/04/22
Verdict- Neutral to bullish in Short-Run. DCE Sep23 contract gained support above important level at 771.0. Thus 771.0- 773.0 became a mid-run support. Hourly MACD returned to bullish territory. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI reached bullish territory. First support 771.0. First resistance 820.0.
Daily Virtual Steel Mill Report 11/04/22
Market Verdict on Iron Ore: • Neutral. Macro: • China March CPI up 0.7% on the year, est. 1%, last 1%. China March PPI down 2.5%, est. down 2.5%, last down 1.4%. Iron Ore Key Indicators: • Platts62 $119.65 +0.05, MTD $ 120.64. Market cooled down following the fair trading and speculation control …
Iron Ore DCE September23 Daily Technical Review 10/04/22
Verdict- Neutral to Bearish in Short-run. DCE Sep23 contract corrected as expected from last report. A breakdown on 771.0 would accelerate correction. Hourly slow stochastic KD approached oversold area. Hourly CCI was in bearish territory. Hourly MACD was in bearish territory. Both short-run and mid-run signals were indicating a continious correction. First support 750.0. First …
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London Iron Ore Derivatives Report 06/04/23
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
European Close 06/04/23
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