Tag archives: IO

A Room with a Technical View 21/03/22

Capesize April Futures – The futures continue to hold in a bullish trending environment, but price is in a corrective phase. Downside moves on the daily technical that hold at or above USD 21,232 will support a bull argument, below this level the futures will have a neutral bias.  The RSI is above 50, supporting …

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Iron Ore DCE May Daily Technical Review 21/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract re-entered into a consolidation range in short-run. After a spike at Friday night and a test low in Monday morning, iron ore finally closed near the open level at Friday night. May-Sep22 spread started to narrow, when major contract rolling started from last week. Front month …

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Daily Virtual Steel Mill Report 21/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • China and U.S. held an internet conference during the tight worldwide political conditions in the first quarter of the year 2022. Although both countries have different views on the Russia-Ukraine war, however both countries thought the talk was “constructive” and mentioned to improve the cooperation …

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Ferrous Trade Weekly Review 18/03/22

A total of 540,000 mt of iron ores was traded for the week ended Mar 18, after a long pause of minimal trades due to Chinese market regulator crackdown on false price information. There was also more steel production following the removal of output curbs after the Two Sessions meeting and Paralympic events During the …

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