Verdict- Neutral. DCE Sep23 contract rebounded after firming the support areas from 760.0 – 763.5. However in mid-run, iron ore trend was resisted by 40-Hour Moving Average twice. Hourly MACD created gold cross. Hourly CCI approached overbought area. First support 760.0. First resistance 782.5.
Tag archives: IO
Daily Virtual Steel Mill Report 17/04/22
Market Verdict on Iron Ore: • Neutral. Macro: • ECB official indicated that to stop interest hike or to increase by 25 bps or potentially become major decision of the next meeting, instead of a 50bps hike. Iron Ore Key Indicators: • Platts62 $118.90, -0.05, MTD $120.42. Physical traders expected active trading activities …
European Close 14/04/23
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London Iron Ore Derivatives Report 14/04/23
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Singapore Iron Ore Derivatives Report 14/04/23
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Iron Ore Offshore May 23 Morning Technical Comment – 240 Min Chart 14/04/23
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London Iron Ore Derivatives Report 13/04/23
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European Close 13/04/23
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
Singapore Iron Ore Derivatives Report 13/04/23
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
Iron Ore DCE September23 Daily Technical Review 13/04/22
Verdict- Neutral to Bearish. DCE Sep23 contract broke important support at 771.0. Thus iron ore returned to the bearish trend. Hourly CCI ticked up by the last two trading hours, however in the bearish territory. Hourly slow stochastic KD potentially create gold cross in oversold area. Hourly MACD widened in bearish territory. Iron ore potentially …
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