Verdict- Neutral to Bullish. DCE May24 contract returned to bullish run after a big rebound. Hourly MACD widened in bullish area after a gold cross. Hourly slow stochastic KD spiked to overbought area. Hourly CCI reached the high after November 23rd. First support 890.0. First resistance 958.0.
Tag archives: IO
Daily Virtual Steel Mill Report 06/12/23
Verdict: • Short-run Neutral. Macro: • The cooling on the job market intensified the correction on US bond, eyeing three-month low of 10-year US bond yield at 4.167%. US dollar index rebounded to 104, refreshed new high since November 22nd. Iron Ore Key Indicators: • Platts62 $131.40, +0.35, MTD $131.90. There was no …
European Close 05/12/23
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London Iron Ore Market Report 05/12/23
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Iron Ore Market Daily Report 05/12/23
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Iron Ore Offshore Jan 24 Morning Technical Comment – 240 Min Chart 05/12/23
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Ferrous Weekly Report 05/12/23
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Iron Ore DCE January24 Daily Technical Review 05/12/23
Verdict- Neutral. DCE Jan24 contract traded in narrow rangebound today. From hourly chart, MACD created gold cross. Slow stochastic KD created gold cross above oversold area. There is currently no obvious trend movement for iron ore. The current price potentially gain support above 950.0- 954.0 area in short-run. First support 941.0. First resistance 983.0.
Daily Virtual Steel Mill Report 05/12/23
Verdict: • Short-run Neutral. Macro: • U.S. factory orders fell 3.6% on a monthly basis in October, which was larger than the expected 2.6% drop and was the lowest level since April 2020. • The Passenger Car Association of China estimated that wholesale sales of new energy passenger vehicles in November will be 940,000 …
London Iron Ore Market Report 04/12/23
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″]