Monthly archives: December 2021

Iron Ore DCE May Daily Technical Review 08/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract finally closed 5 yuan slight lower than opening of the day. Daily high and low were 676.0 and 652.5 respectively, which also became the first resistance and support. Hourly CCI started to weaken and diverge with iron ore price since December 6th. Hourly slow stochastic KD …

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Daily Virtual Steel Mill Report 8/12/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PBOC RRR released four positive signals including the stable economy growth, hedge the downside risk of economy, create a beneficial monetary environment for enterprises and indicate a manageable liquidity policy. ·         The two parties of U.S. reached a consensus to increase the maximum debt ceiling …

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Morning Oil Report 08/12/21

At 10:42 am Singapore time (0221 GMT), the ICE February Brent futures contract was down 5 cents/b (0.07%) from the previous close at $75.39/b, while the NYMEX January light sweet crude contract fell 5 cents/b (0.07%) at $72/b.   API Crude -3.089m Gasoline +3.705m Distillate +1.228m Cushing +2.395m   The API said Dec. 7 that …

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