Market Verdict on Iron Ore： • Neutral. Macro • U.S. President Biden and Democratic Senator Manchin will make a progress on tax and spending plans to advance the economic agenda. The three major US stock index collectively closed higher, with the NASDAQ up 2.4%, the S & P 500 index up 1.78% and the Dow …
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Iron Ore DCE May Daily Technical Review 22/12/21
Verdict – Short-term neutral. DCE iron ore May22 contract pushed high in night session however gave back all gains in the following day session, indicating a potential divergence on the market sentiments. Slow stochastic KD created dead cross near overbought boundary. Hourly CCI fell fast from bullish territory to bearish territory and created a bearish …
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Singapore Close Iron Ore Report 21/12/21
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London Close Iron Ore Report 21/12/21
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Ferrous Weekly Report Section 21/12/2021
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Daily DCE Review 21/12/21
Iron ore futures rebounded from previous losses and firmed up over restocking activities for the upcoming new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.56% day-on-day or up RMB 17.50 to RMB 702/mt, during the day trading session on Tuesday. The rebar futures, however, went down by 1.41% …
London Iron Ore Market Report 20/12/21
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Singapore Iron Ore Report 20/12/21
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
Daily DCE Review 20/12/21
Iron ore futures dipped at the close, despite a promising start at the morning session but only to succumbed to loss at later noon session. The futures of Dalian Commodity Exchange (DCE) for January delivery then slumped by 1.32% day-on-day or down RMB 9 to RMB 673.50/mt, during the day trading session on Monday. The …
Iron Ore DCE May Daily Technical Review 20/12/21
Verdict – Short-term neutral to bearish. DCE iron ore May22 contract corrected following the big correction of Shanghai equities and major industrial commodities. Iron ore was resisted twice over the past two trading days at 696.5- 698.5 area. If iron ore broke the 670.0 – 672.0 area, it potentially deepen correction to 645.0 area and …
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