Market Verdict on Iron Ore： · Neutral to bullish. Macro · OECD change the global economy growth rate prediction from 5.7% to 5.6%. In addition, OECD also decrease the growth outlook in U.S. and Euro zone this year and next year. · Fed Beige Book: in October and early November, economic activity in most fed …
Author archives: Hao Pei
Iron Ore DCE Jan Daily Technical Review 25/11/21
Verdict – Short-term neutral. DCE iron ore Jan22 maintained bullish from last night session however retreated during the Asian day session. Iron ore aggregated open interest also narrowed for the two consecutive trading days. Hourly slow stochastic KD created dead cross in overbought area. Hourly CCI retreated to neutral area from a previous bullish territory. …
Continue reading “Iron Ore DCE Jan Daily Technical Review 25/11/21”
Daily Virtual Steel Mill Report 25/11/21
Market Verdict on Iron Ore： · Neutral. Macro · China PM Li Keqiang and state council held a conference request to accelerate issuance of specialized debts in the coming year. · U.S. FOMC notes revealed a flexible date on the interest rate raise. · Indonesia president indicated the country potential stop exporting in the year …
Iron Ore DCE Jan Daily Technical Review 24/11/21
Verdict – Short-term bullish. DCE iron ore Jan22 maintained strong rebound during the day. Iron ore aggregated open interest decreased by 12.43%, this decrease was majorly caused by a taking gains from previous short-positions. Hourly CCI maintained in bullish territory. Hourly slow stochastic KD maintained in bullish territory. Short-run technical were indicating a bullish in …
Continue reading “Iron Ore DCE Jan Daily Technical Review 24/11/21”
Daily Virtual Steel Mill Report 24/11/21
Market Verdict on Iron Ore： · Neutral to bullish. Macro · U.S. white house announced that the energy department will release 5,000 barrels of crude oil from Special Petroleum Reserve to resist oil price and resolve the supply disruption caused by pandemic. Iron Ore Key Indicators: · Platts 62%: $99.45 (+4.75) MTD $93.38. SGX and …
Weekly Virtual Steel Margin Report 23/11/2021
Please click below to view the report to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Iron Ore DCE Jan Daily Technical Review 22/11/21
Verdict – Short-term bullish. DCE iron ore maitained a rebound for the second trading day, with improving volume compared to the first half of last week. The rebound was majorly contributed by short covering. A breakthrough on 579.5 would bring iron ore to a mid-run rebound, otherwise iron ore remain in consolidation range. Hourly CCI …
Continue reading “Iron Ore DCE Jan Daily Technical Review 22/11/21”
Daily Virtual Steel Mill Report 22/11/21
Market Verdict on Iron Ore： · Neutral to bullish. Macro · China PM Li Keqiang held economy conference last Friday emphasizing the practical actions to promote healthy economy and decrease the cost pressure on mid and small capital companies from upstream commodities. · China Vice PM Liu He said in a manufacturing conference that financial …
Iron Ore DCE Jan Daily Technical Review 19/11/21
Verdict – Short-term neutral to bullish. DCE iron ore Jan22 recovered major losses during the afternoon session with significantly increasing volume as well as new built long positions in the market. Hourly MACD expanded above 0 axis. Hourly KD created gold cross below oversold area. Hourly CCI approached bullish territory. Short-run signals were indicating neutral …
Continue reading “Iron Ore DCE Jan Daily Technical Review 19/11/21”
Daily Virtual Steel Mill Report 19/11/21
Market Verdict on Iron Ore： · Neutral to bullish. Macro · IMF indicated that supply chain disrupt potentially extend the expectation of inflation in some places of the world. · Major economies government revealed that they are currently researching on release crude oil. Previously U.S. indicated to coordinate to cool down global energy prices. Iron …