bearish
Helixtap Analysis: Higher Fed Rates For Longer Likely To Result In Weaker Prices
3 Views08 Jun 2023 14:31
As moving average analysis highlighted in the previous article, prices for the respective Futures declined by more than 9% in the past 3 months. Previously in early March, moving averages for these Futures signalled either bearish or were already bearish in terms of price trends. Prices as of 1 June 2023 registered a US$130/mt decrease for SICOM, along with a US$177/mt and US$161/mt decrease for the respective SHFE and INE Futures. Moving averages analysis are all indicative of a bearish price t
What is covered in the Full Insight:
- Introduction
- Futures Market Analysis
- Impact of Federal Reserve Policies
- Chinese Market Outlook
- INE TSR Inventory Analysis
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