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FIS Technical – Capesize
Although technically still bearish we are seeing upside price action in the index with momentum in the form of the RSI now above the 30 level and no longer oversold. USD 7,342 is the fractal resistance, price action that closes above this level would create a fresh market high suggesting the index is turning bullish.…
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Capesize index turns positive for the first time in weeks
Capesize index managed to turn positive for the first time on Monday, after enduring weeks of depressed rates.
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Join us for a Freight and Commodities Forum during Singapore Maritime Week
FIS will be hosting a Freight and Commodities Forum on May 7 during Singapore Iron Ore Week. More details follow but if you are in town and would like to attend, please RSVP to events@freightinvestor.com.
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Freight Derivatives volumes up 44%, Iron Ore Futures volumes up 34% in year to date
The Freight and commodity futures complex has shown strong volume growth so far in 2019 as a combination of macro-economic factors and the tragic events in Brazil have heightened uncertainty and created trading opportunities.
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FIS Technical – Panamax
Having held at the long-term RSI support momentum is now in bullish territory with the index 56% higher. Technical resistance is between USD 7,351 and USD 9,423 with the 55 period MA at USD 7,808 a potential near-term upside target. To view the full report please click on the link FIS Technical –…
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Dry bulk FFA market: Capesize shrinks on thin activity
Capesize market remained quiet throughout the week with thin activities from the Asia Pacific and Atlantic regions. However, some trade sources observed that the market fundamentals are slowly returning to a stabilized level.
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FIS Daily Iron Ore Report
Iron ore futures in China continue to slip as investors weigh signs of an economic recovery against elevated levels of inventory and speculation that demand for the raw material remains subdued. The mainland economy shows the first signs of steadying after months of slowdown, according to a Bloomberg Economics gauge aggregating early indicators. Still, Commonwealth…
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Base Metals and Non-Ferrous Intraday Support and Resistance
Base Metals and Non-Ferrous Intraday Support and Resistance Base Metals and Non-Ferrous Intraday Support and Resistance Base Metals and Non-Ferrous Intraday Support and Resistance
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Base Metals and Non-Ferrous Intraday Support and Resistance
Base Metals and Non-Ferrous Intraday Support and Resistance Base Metals and Non-Ferrous Intraday Support and Resistance Base Metals and Non-Ferrous Intraday Support and Resistance
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FIS Technical – Panamax
The index remains in bearish territory with long-term support at USD 3,416. However, the 21 Period RSI has found support at a level that has previously signalled a market base. A conflicting technical that needs to show more to be considered as bullish at this point though based on the RSI it is possible the…
