Category archives: Ferrous

Iron Ore DCE May Daily Technical Review 13/1/22

Verdict – Short-term bearish. DCE iron ore May22 contracted gave back all gains created overnight during the afternoon. If a breakdown on 722.0 during the day, iron ore potentially will accelerate the correction. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross on overbought area. Hourly CCI corrected from bullish territory to …

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Daily Virtual Steel Mill Report 13/1/22

Market Verdict on Iron Ore： • Neutral to bearish. Macro • U.S. December CPI up 7% y-o-y, created the highest since June, 1982. DXY corrected massively from 95.61 to 94.9, which supported U.S. dollar linked commodities and triggered a big rebound shortly across commodity sector. Iron Ore Key Indicators: • Platts62 $131.60, +3.00, MTD $126.12. …

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Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 12/01/22

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Daily DCE Review 12/1/22

Iron ore futures extended gains on tightening supplies concerns, amid healthy margins and better steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.07% day-on-day or up RMB 22 to RMB 737.50/mt, during the day trading session on Wednesday. The rebar futures also went up by 2.32% day-on-day or …

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Iron Ore DCE May Daily Technical Review 12/1/22

Verdict – Short-term bullish. DCE iron ore May22 contract broke previous high at 717.5 and entered a fast growth tunnel. Hourly slow stochastic KD potentially create dead cross above overbought area. Hourly CCI potentially softened from bullish territory. Short-run technical were indicating an exhaustion temporarily, the sustained growth needs to comply with increasing volume and …

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