Category archives: Products

Iron Ore DCE September Daily Technical Review 31/05/22

Verdict – Short-term neutral.   DCE iron ore September breakthrough important resistance area at 887.5 and brought iron ore into a strong trend with narrowing volume. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created consolidated above oversold area. Hourly CCI entered bullish territory during early session however corrected back fast. With narrowing …

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Daily Virtual Steel Mill Report 31/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • German CPI refreshed 50-year-high, supported the rationale to increase 50 basis points in July. • The EU agreed to ban 90% of Russia’s oil imports by the end of 2022.   Iron Ore Key Indicators: • Platts62 $136.60, +2.15, MTD $133.34. Seaborne PBF gathered interests …

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Crude Hit A Two-month High On EU Ban And China Reopening 31/05/22

Oil Extends Sixth Monthly Gain as EU Set to Curb Russian Supply Oil headed for the longest run of monthly gains in more than a decade as European Union leaders agreed to pursue a partial ban on imports of crude from Russia while China further eased anti-virus curbs, aiding demand. Brent crude neared $123 a …

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