Iron Ore DCE May Daily Technical Review 10/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract firstly opened low as expected. Iron ore also tested low during the market, however recover major losses during the day session. Hourly slow stochastic KD narrowed below 0 axis. Hourly slow stochastic KD created gold cross near oversold area. A hold on 773.5 in short-run would …

Freight and Commodity Podcast 09/03/22

Freight and Commodity Podcast 09/03/22 On this week’s podcast we investigate the impact events in Ukraine are having on Dry Freight, Oil, Wet Freight, Base Metals, Iron Ore, Carbon commodity markets.   Click Below to Listen:   Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/6fD56U4UsPpSWFtrkRSpS9?si=A8a7GP24S-2BHDjCcp-ykQ   iTunes – https://podcasts.apple.com/gb/podcast/episode-90-09-03-22/id1507094242?i=1000553433125   For more information please contact   News@freightinvestor.com London +44 (0) 20 …

Daily DCE Review 09/03/22

Iron ore futures dipped at the closing trading session, as market sentiment on iron demand remained poor due to lower steel margins. The futures of Dalian Commodity Exchange (DCE) for May delivery fell by 3.85% day-on-day or down RMB 32.50 to RMB 812.50/mt, during the day trading session on Wednesday. The rebar futures also dropped …