Monthly archives: January 2022

Iron Ore DCE May Daily Technical Review 14/1/22

Verdict – Short-term bearish. DCE iron ore May22 corrected weakly during the day. The daily support fell on 713.0 – 714.0. Hourly MACD deepened correction. Hourly slow stochastic KD approached oversold area. Hourly CCI consolidated near bearish territory. Short-run correction if seeing lower lows and highs. The first support is 693.0, the first resistance is …

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Daily Virtual Steel Mill Report 14/1/22

Daily Virtual Steel Mill Report 14/1/22 Market Verdict on Iron Ore： • Neutral to bearish. Macro • U.S. Federal official Harker indicated that the Federal potentially increase interest rate by 25 basis points after decreasing the debt purchase in March. • Chinese Academy of Science estimated that China GDP growth rate in the year 2022 …

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Morning Oil Report 14/01/22

At 10:05 am Singapore time (0205 GMT), the ICE March Brent futures contract was down 31 cents/b (0.37%) from the previous close at $84.16/b, while the NYMEX February light sweet crude contract fell 44 cents/b (0.54%) at $81.68/b.   Oil prices appeared to have lost their upward momentum after gains of close to 6% earlier …

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