Category archives: Products

Iron Ore DCE January Daily Technical Review 15/08/22

Verdict – Short-term neutral.   DCE iron ore January broke down important support at 713.5, which was the neckline of a top reversal pattern. Unless iron ore recover this level with much higher price, iron ore entered a short-run correction phase. Hourly slow stochastic KD created lower dead cross. Hourly MACD created lower dead cross. …

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Daily Virtual Steel Mill Report 15/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • The U.S. House passed Inflation Reduction Act in 2022. The Act will focus on increase company taxes, reaction to environmental changes, decrease prescription medicines and decrease financial deficit. • Chinese July new issued loans 679 billion yuan, M2 up 12% on the year. The difference …

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Saudi Aramco Ready To Boost Crude Output 15/08/22

Oil prices ease as Aramco says ready to boost crude output   Oil prices dropped for a second session on Monday after the head of the world’s top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore U.S. Gulf of Mexico platforms is resuming after a brief outage …

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