China’s steel production growth is expected to slow sharply in 2018.
This could restore balance to a global market ravaged by price collapse 2 years ago due to oversupply. China accounts for about half the 1.7bn tonnes churned out worldwide. via @FT
#Nifty up-hill journey at 10565-10685 will not be smooth but has good downside protection at 10485-10500 and so is #bn at 25500 while keeping the upside momentum at 25650-26000; need to keep close watch on external tailwind support and #India#Budget2018
5 consecutive green days to start 2018 for the S&P 500.
Up 2.8% YTD is the best start to a yr since 2006.
Up 5 days in a row is the longest win streak to start a yr since 6 in '10.
5 consecutive new highs to start a yr is the best since 6 in a row in '64.
Chart patterns repeat in different markets, instruments and time frames. Analyzing price charts helps to identify those formations. Cup & handle is a continuation chart pattern. It helped to identify the breakout possibility on $VALE #BASICMATERIALS#EQUITIES $NYSE #BRASIL
🚢⛟ Best wishes to new Logistics Div in Min of Ind & Comm. Will have its hands full to bring Indian logistics cost down from 14 % to desired 9-10% ~ tackle regulatory barriers , e way bills, e tolling, & integrate various transport modes & storage options. Infra status helps
After 4 trading days, the S&P 500 is up 2.6% YTD.
When the first 5 days are up >2%?
Since '50, S&P 500 is higher for the year 15 out of 15 times. Average return is +18.6%.
If you are bullish, Monday is a big day.