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Tag archives: IO
Iron Ore DCE January24 Daily Technical Review 25/10/23
Verdict- Neutral. DCE Jan24 contract rebounded as expected. However we change the market view from bullish to neutral because the intra-day high was rejected by 878.5- 881.5 area, which used to witness two important market reversals in September and October respectively. Hourly CCI corrected from overbought area to neutral area. Hourly MACD narrowed in bullish …
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Daily Virtual Steel Mill Report 25/10/23
Verdict: • Short-run Neutral to Bullish. Macro: • China approved a plan to raise fiscal deficit ratio from 3% to 3.8%. The plan issued a 1 trillion yuan sovereign debt to support disaster relief and construction. Iron Ore Key Indicators: • Platts62 $118.55, +3.00, MTD $118.19. Ferrous market spiked as the over-expected 1-trillion …
Iron Ore Market Daily Report 24/10/23
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″]
Ferrous Weekly Report 24/10/23
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Iron Ore DCE January24 Daily Technical Review 24/10/23
Verdict- Neutral to Bullish. DCE Jan24 contract spiked from 1% to 3.78% during the last half hour before closing. The market regained support and turn from bearish to a recovery mode even excluding the last half hour. Hourly slow stochastic KD soared up after created gold cross in oversold area. Hourly MACD created a gold …
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Daily Virtual Steel Mill Report 24/10/23
Verdict: • Short-run Neutral. Macro: • China sovereign wealth fund Central Huijin Investment Ltd. Said it bought exchange-traded funds in late Monday, which was the second time in the month. Iron Ore Key Indicators: • Platts62 $115.55, +0.30, MTD $118.17. The market was concerning the low steel margin would trigger some proactive production …
London Iron Ore Market Report 23/10/23
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″]
Iron Ore Market Daily Report 23/10/23
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″]
Iron Ore DCE January24 Daily Technical Review 23/10/23
Verdict- Neutral. DCE Jan24 contract corrected as expected. However, the market saw a rebound in the afternoon session. Hourly slow stochastic KD created gold cross in oversold area. Hourly CCI entered neutral area. Hourly MACD still widened in bearish territory. Iron ore potentially saw a short-run exhaustion and stablise at current level without further breakdown …
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